Please share the threshold limit for bank fixed deposit interest
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TDS applicability on Bank FD Interest
Replies (5)
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.
Your query is not clear..
For which assessee? above 60 years age or below?
For which year? FY 2018-19 or 2019-20?
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
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
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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