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TDS deduction from Bank

This query is : Resolved 
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(Querist)
20 September 2019 Dear Sir

WE need to submit 15G form in bank if interest is less then 29500/-
Bank employee asking to me submit 15G other wise tds will be deduct from 10%
thats means TDS limit 40K yet not implement in bank

Please advise
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 September 2019 40K applicable to senior citizen only so you need to submit 15G.
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Amandeep Singh

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Amandeep Singh (Querist)
21 September 2019 Thank you very much Sir,




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