Tax deduction at source on interest paid
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2012
Sir,
A person had paid Rs 170000/-what is the tax payable how to calculate it?
A person had paid Rs 170000/-what is the tax payable how to calculate it?
24 April 2012
The payer has paid interest of Rs 170000/-.
TDS is deducted on Interest @ 10% of Interest Amount.
TDS is deducted on Interest @ 10% of Interest Amount.
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