(1)what is the threshold limit on which tds not levied on saving bank interest and how much tds beyond the limit as per FY2019-20?
(2)limit for interest income from bank FD?
2 Replies
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 08 July 2019
no tds on savings bank account. 40000 limit on bank fd
lokesh agrawal
(142 Points)
Replied 09 July 2019
No TDS on Interest on saving bank a/c
TDS liability accrued @ 10% if Interest amount is greater than 10,000
TDS liability accrued @ 10% if Interest amount is greater than 10,000
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