Tds on fd

This query is : Resolved 

28 October 2013 when bank deduct tds on interest??? according to latest rule....
Quarterly, end of financial year ,on maturity or payment?????

28 October 2013 Hi

Bank deduct TDS only when Int paid exceeds threash hold limit.

Once thresh hold limit exceeds TDS is deducted while making payment/accrual.

Thanks//VaibhaJ

28 October 2013 accrual means ??? @vaibhavj
bank give interest on fd quarterly
now bank deduct tds quarterly or end of financial year ???


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