Education cess not deducted on intrest income

Dear Vandana,

Bank has acted correctly. At tax deduction stage only 10% is deductible not 10.3%. You pay balance 0.3% as self assesment / advance tax before ITR filing.

Regards,

Hi bank has been deducted tds amount only & you only liable for cess at that time self assessing your tax liablility at the year end 

Bank has right to deduct TDS only at 10%. when you will file your Income tax return education cess will be charge on Balance tax amount. you can deposit tax and cess with form no. 280