Tds deductible or not
This query is : Resolved
17 September 2014
Is tds deductible on interest earned on fd of rs.50000 for 365days
17 September 2014
If the Interest amount exceeds Rs 10000 during the FY only then TDS will be deducted.
Here FD is of Rs 50000/- so even if 10% interest is given it will amount to Rs 5000/- only. So dont worry TDS will not be deducted on interest earned on FD of Rs 50000/- provided you furnish your PAN.
Here FD is of Rs 50000/- so even if 10% interest is given it will amount to Rs 5000/- only. So dont worry TDS will not be deducted on interest earned on FD of Rs 50000/- provided you furnish your PAN.
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