E-filing for fixed deposit income

4600 views 2 replies

Dear Experts,
     I am doing filing for the AY:14-15 (FY: 13-14). and i fall under 30% bracket.


Apart from salary I have income from FD=66283 and TDS deducted by bank is 6628 (10% tds)
Now when i do efiling from Income Tax website using quick efile link i have can see that
Tax Details Tab automatically filled the Bank details for TDS : "Sch TDS2" section correctly with Tax Deducted=6628.

So the query is :
If I fill Income from other source as 66283 it shaows tax payable as 22050
Is this correct ? As i bank has already deducted 10% TDS of 6628.
Are they again asking 30% of 66283 even though bank deducted 10% TDS ?

Regads
Abhi

Replies (2)

Dear Nitinji,

Your tax amount will be reduced by the TDS amount and you have to pay only balance amount.

Thanks,
 Another query -
So the column "Amount out of (5) claimed this year (6)" will be equal to the TDS deducted "6628" ?
And in other income i willl pull total interest earned from FD ?

Is this correct ?

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