Interest Reporting in Form 168

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This discussion clarifies whether banks must report interest details in Form 168 even when no Tax Deducted at Source (TDS) is applicable. The consensus is that interest reporting is mandatory. For cases involving Form 15G/15H, this information must be included in the quarterly TDS return (Form 26Q) under the non-deduction schedule. For interest below the TDS threshold, reporting is done via Q4 reporting and Statement of Financial Transactions (SFT) in Form 61A, ensuring the details appear in the customer's Annual Information Statement (AIS) and Form 26AS.

Kawai

Kawai (Querist)

20 August 2026 Sir
Greetings
Can I get clarification as to whether the Banks need to report interest details in Form 168 even if no TDS is deducted?
The present Form 168 has a separate table for reporting interest details when the customer submits Form 121. Moreover, the Banks earlier were reporting interest paid during the year in Q4 reporting, even when no TDS was deducted.
Thank you
Chari

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

20 August 2026 Is reporting mandatory without TDS deduction? Yes.

Form 15G/15H cases: Must be reported in the quarterly TDS return (Form 26Q) under the non-deduction schedule.

Below-threshold interest: Reported via Q4 reporting and SFT (Form 61A) to populate the customer's AIS/Form 26AS.

Kawai

Kawai (Querist)

23 August 2026 Need the relevant rule, please.
Bank files Interest details only in Q4, if no TDS has been deducted!

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