TDS ON BANK INTEREST


This query is : Resolved 

(Querist)
12 February 2010 IF we are not submiting form 15G/H to the bank whether the bank will deduct TDS on fixed deposit interest or not ...?

12 February 2010 yes

12 February 2010 Dear Venkatesh,

The bank will deduct TDS onlt if the interest amount exceeds Rs 10000/- in a year.

Regards

12 February 2010 Yes Bank will deduct the interest if the interst more than Rs.10000/p.a


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