Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2012
My mother is earning Rs.6500/- app.from FDR interest & also Rs.5000/- from saving a/c.interest in one financial year from the same bank. As the total exceeds Rs.10000/-, is it liable for TDS deduction by the bank.
Please clear.
Thanks.
Sundeep
Please clear.
Thanks.
Sundeep
24 November 2012
TDS is deducted on FDR only. Interest on saving bank account is not liable for tax deduction at source. Hence tds will be deducted on 6500 only.
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