Please share the threshold limit for bank fixed deposit interest
Menu
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
Recent Threads
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
Related Threads
CAclubindia
