Ineterst on fd in joint is taxable to whom??

The tax will be deducted in the name of the Primary holder of the account only. There is no any concept of dividing the interest income in case of joint account for filing ITR. The income can only be taken in the ITR of the primary account holder. The concept is very simple. It is like that the banks presume that the money is only of the primary account holder so they are deducting TDS in his/her name only.

Dear Akash

first of all, TDS should not have been deducted by bank because you earned only 8K or 9K on FD of Rs. 100000/- in one fiancial year . and there is no TDS would be deducted by bank upto Rs. 10000/- interest as per section 194 A.

now second question is in whose hand will that income be taxable.

interest income will be taxable in the hands of primery account holder only. 

I have the same case, my query is while filing IT returns, do I have to mention the fd account as well along with all other savings accounts (I am the secondary account holder). I dont know if I have my PAN no. linked with this account or not.

Thanks,

Bilal

I have the same case, my query is while filing IT returns, do I have to mention the fd account as well along with all other savings accounts (I am the secondary account holder). I dont know if I have my PAN no. linked with this account or not.

Thanks,

Bilal