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

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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