15g on bank interest

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I am less than 60 Years old and I am on 30% tax bracket. I have got few bank fixed deposits. For this year, I have submitted 15G to bank via online and bank has accepted the same. But I just realised that as my tax liablity is not nil so I am not supposed to submit 15G. So, should I contact bank to cancel 15G. Bank deducting TDS makes things complicated for me as FD spans over financial year and they deduct TDS but I have not received the interest (which will be realized during maturity). Is it ok to submit 15G though my tax liablity is not nil.

Replies (1)

IF YOUR INCOME IS MORE THAN BASIC LIMIT THE  TDS HAS TO BE DEDUCTED


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