Tax calculation
Querist : Anonymous
my bank has done tds on my fd...which is 10%
is i m rquired to show the fd interest in my itr-1
if not why
OM SAI SRI SAI JAI JAI SAI
Querist : Anonymous
Income from Salary+Interest on FD-Chapter VIA deductions(If any).
Now compute the total tax payable according to the applicable rates of tax on your taxable income.
Now deduct TDS deducted by the bank as well as deducted on Salary.
Now Pay the difference tax payable as self assessment tax.
OM SAI SRI SAI JAI JAI SAI
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