Tds on bank fixed deposit


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 October 2012 if my interest income from bank fixed deposit morethan 50000.. can i file 15 g or H for non deduction of tds !!! is there any ciruclor that if my intereest income on fixed deposit is more than Rs50000 than tds must be deucted on it irrespective of 15g and h filled !!


17 October 2012 Yes you can submit Form 15G/Form 15H.

TDS will be deducted only if the amount exceeds the basic exemption limit of Rs. 2,00,000/-

If you have submitted Form 15G, then TDS will not be deducted if the amount does not exceed Rs. 2 lakhs.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 October 2012 i already filled 15 g but system deduted tds and bank inform me that if interest income exceeds rs 50000 than tds must be deducted irrespective of 15g and h

17 October 2012 make a complaint to PRO cell or bank ombudsman


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details