Tax on fd

This query is : Resolved 

13 November 2014 i have FD in two banks one sbi and axis bank then i have to fill up form 15 h for both bank and give it detail for both bank to all FD please give me suggestion

13 November 2014 Yes should be given to both banks.

15 November 2014 one more thing i wants to ask about fd if i have 25000/- in sbi and 25000/- in axis bank
then i have to give detail to fd in axis bank to sbi or same axis bank to sbi

detail only sbi fd to sbi
detail only axis fd to axis

15 November 2014 If FD amount is Rs 25000/- in each bank than form 15H not required to be submitted as interest from FD will not cross the threshold limit of Rs 10000 u/s 194A. Therefore, TDS will not be deducted on interest even if you don't submit form 15H.


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