TDS on Fixed Deposit


This query is : Resolved 

Quick Summary
This discussion clarifies the Tax Deducted at Source (TDS) limits applicable to fixed deposits. It highlights the previous thresholds, distinguishing between payments made by banking companies, co-operative societies, or post offices, and those made by other entities. The query aims to confirm these specific deduction limits.

05 March 2020 Dear Sir,

What is the basic limit of TDS deduction from fixed deposit. earlier it was Rs.10000/-


05 March 2020 * 40,000 where the payer is a banking company/co-op society/post office.

* 5,000 in any other case.

05 March 2020 Thank you very much Sir,


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