at what rate a bank deducts TDS on fixed deposit...
or how is it calculated.
TDS on interest will be deductable As per Sec 194A
The rate applicable is 10%
The aggrigate amount paid does not exceed Rs.10,000/- then No TDS is Deductable
if payee is a domestic company, 20%
any other payee: 10%
please visit the following;
/forum/new-and-old-tds-provisions-71577.asp
DEAR ANUSHA...
THE RATE IS UNIFORM @ 10% FOR ALL ASSESSEE.........NO 20% NOW...
u r right shushant.
perhaps i was not in knowledge of changes by finance act 2009 for tds rates, now i have to rectify myself on this aspect.
thanks
Yes for all assessees 10%
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