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Tds on interest credited in nre bank account

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Nishant Salunkhe

Nishant Salunkhe (Querist)
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11 April 2012 Whether TDS is deductible on interest credited to NRE bank account. If yes, then at what rate and is there any maximum limit upto which TDS is not deducted.

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O.D.SHARMA (Expert)
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12 April 2012 Dear,
There is no TDS on NRE accounts till now.Its Tax free

CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
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12 April 2012 YES...
AGREE WITH ABOVE EXPERT...

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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14 April 2012 I also agree with the expert. Let me further clarify you that in Savings bank account banks are also not deducting TDS

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