Tds on bank interest


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 February 2013 I HAVE BOOKED A F.D. WITH BANK FOR 450 DAYS. LETS ASSUMED, INTEREST PAYABLE ON MATURITY IS RS. 15000. BUT AS ON 31ST MARCH INTT. PAYABLE IS RS.9500/-. I WANNA TO ASK WHETHER TDS WILL BE EFFECTED? IF YES, WHEN, EITHER ON MATURITY DATE OR BEFORE?

18 February 2013 No tds will be deducted as interest amount is less then Rs.10000 pa.
Provided this is the only interest income you are getting from this branch of the bank.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 February 2013 But On Maturity, Interest will be more than 10000/-, why no tds should be deducted?

19 February 2013 You have to check interest earned per annum. As it is below Rs.10,000 tds will not be deducted.


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
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details