TDS rates on FDR
This query is : Resolved
04 December 2009
Dear Sir,
ICICI bank has deducted tax @ 10% on corporate FDR. Is this right % on FDRS.
regards,
lalit
ICICI bank has deducted tax @ 10% on corporate FDR. Is this right % on FDRS.
regards,
lalit
04 December 2009
As per 194A if the interest amount is > Rs.10,000/- tax is to be deducted @10%.
04 December 2009
yes
04 December 2009
Further, no surcharge & education cess is to be applied.
04 December 2009
yes agree, if you are other than Ind.or HUF then rates @20%
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