Income tax
This query is : Open
herschele singh
(Querist)
27 August 2017
I have done FD on my mother (house wife) name for amount Rs.180000/- Tax saver scheme and one another normal FD of Rs.100000/-, she is having around Rs.10000/- in her savings account, in financial year 2017-18.she is not a senior citizen and she is not having any income. Will TDS is applicable for her.
Ashiwini Ballodia
(Expert)
29 August 2017
TDS provision is applicable on FD interest if total interest in F.Y. exceeds Rs.10,000/-
If you submit 15H/15G to bank than the bank will not deduct TDS
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