FD Interest data mismatch

Tax planning 118 views 2 replies

Dear Experts,

Can you pls help understand, why there's always data mismatch for FD interest amount between bank ( interest certificate or Form26AS ) and actual amount being paid to our account ? 

Example : as per bank's interest certificate or Form26AS it's ₹10 /- where as actual interest deposited in our account is ₹7/- . Its always more as per their calculation.

How exactly they calculate and why it's doesn't match ? 

 

Replies (2)
Give some more details about the interest, tds and year...

1. FY 23-24 

2. Interest details I've shared above ( bank interest certificate / form 26as shows ₹10/- interest paid , where as actual interest paid to my account is ₹7/ )  meaning there's a difference of 20-30% between actual interest credited and that shows in form 26as 

3. TDS by bank is 10% of ₹10 - > ₹1 in interest certificate/ form 26as .

Hope this clarifies !

 

 

 


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