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Tds

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15 September 2014 if I have fd of 50000/- in each of 4 banks. wil banks deduct tds??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 September 2014 if int exceeds rs 10,000 then yes else no
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 September 2014 no they wont deduct as maximum rate you get these days is not more than 10.50% which wont result in more than 10000 interest from any of the bank. However, the tax liability will continue to exist.
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