Please share the threshold limit for bank fixed deposit interest
5 Replies
Pratik Surve
(Assistant Professor )
(571 Points)
Replied 09 April 2019
as per my view interest on fd is taxable
the threshold limit given u/s 194A it's only for saving account interest upto rs 10k.
the threshold limit given u/s 194A it's only for saving account interest upto rs 10k.
G. Venkatesh
(Manager)
(309 Points)
Replied 09 April 2019
Your query is not clear..
For which assessee? above 60 years age or below?
For which year? FY 2018-19 or 2019-20?
CA Ankit Garg
(MD | Genuine Filings)
(781 Points)
Replied 09 April 2019
For Senior Citizen, Deduction u/s 80TTA is ₹50000 for Interest from SB/RD/FD from Post Office/Bank
For other, Deduction u/s 80TTA is ₹10000 of Interest from SB only
For other, Deduction u/s 80TTA is ₹10000 of Interest from SB only
Harshit Baheti
(344 Points)
Replied 09 April 2019
194A normal threshold is 10000
But for senior citizen it is 50000
Nd same is the deduction allowed under 80tta n 80ttb respectively
But for senior citizen it is 50000
Nd same is the deduction allowed under 80tta n 80ttb respectively
rama krishnan
(12244 Points)
Replied 09 April 2019
if the assessee is senior citizen the threshold is 50000 for f. y. 2019-20 for others there's no threshold limit for fd interest
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