01 March 2012
Assuming that your income is below the taxable limit, the amount would not be taxable.However, the postal department may deduct the tds on same. In such cases, a refund can be claimed by filling the return.
01 March 2012
The moment your interest amount is more than 10,000; tds would be deducted irrespective of you wthdraw it or not.You can check whether TDS has been deducted or not in AS 26, which is a govt. link. The same can be reached through your internet banking account also.
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