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New tds 14%

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(Querist)
09 June 2015 as per new amendment TDS should be deducted on deposits interest only above 10000 1.if I deposited sum of rs. in Oct for 13 months & I will receive the interest of rs. 11000 - bank will deducted TDs or not? - if yes then @ what time on maturity or march end - if on march then which amount is able to deduct TDs either up to march interest or whole interest?
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JUGAL PATEL

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JUGAL PATEL (Expert)
09 June 2015 Yes TDS will be deducted on the Interest credited as per bank norms
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 June 2015 tds will be deducted once the threshold limit of 10,000 is crossed.
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Rupesh Jain

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Rupesh Jain (Expert)
09 June 2015 TDS WILL BE DEDCTED IF YOUR INTT IN FINANCIAL YEAR ABOVE RS. 10000/-

INTT WILL BE CALCUALTED FROM FDR TO 31.3.20... I FINTT ABOVE RS. 10000/- THEN TDS WILL BE DEDUCTED BY ABNK.
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