CuriousMind (NA) (139 Points)
20 July 2024Dear 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 ?
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 20 July 2024
CuriousMind
(NA)
(139 Points)
Replied 21 July 2024
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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