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Regarding tds on stdr

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(Querist)
30 January 2014 If i will deposit 24,00,000 lacs as a STDR then how much TDS will be deducted after submitting 15G. I'm a Farmer.
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Neljo Davis ACA

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Neljo Davis ACA (Expert)
31 January 2014 Please note Form 15G is for the individuals below the age of sixty years and whose total income during the year does not exceed the Basic Exemption Limit (Rs.2 Lakhs). If the interest income credited during the financial year exceeds Rs.2 Lakhs, you cannot submit 15G. 15G has to be submitted every year. Once 15G is submitted no TDS will be deducted.
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