Internet on fix deposit
This query is : Resolved
18 July 2020
I have one FD .I am not senior citizens. Bank have given rs 500 as interest on FD but they haven't cut TDS on that amount. Shall I need to fill Tax on that amount(That 500 is above taxable income ? Or can I get benefit on it 80 TTA or equivalent amount.
Gokul Sharma
(Expert)
18 July 2020
no TDS on int upto 40000.
yes 500 is taxable income should be included in your income for income tax calculation.
80TTA is exemption from Saving bank int not for int on FD.
yes 500 is taxable income should be included in your income for income tax calculation.
80TTA is exemption from Saving bank int not for int on FD.
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