TDS applicability on Bank FD Interest

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13 Points Joined July 2018

Please share the threshold limit for bank fixed deposit interest

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On 09 April 2019 at 02:10 Report
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Assistant Professor
571 Points Joined September 2017
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.
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On 09 April 2019 at 09:15
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Manager
309 Points Joined March 2019

Your query is not clear..

For which assessee? above 60 years age or below?

For which year? FY 2018-19 or 2019-20?

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On 09 April 2019 at 09:17
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MD | Genuine Filings
781 Points Joined May 2018
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
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On 09 April 2019 at 10:10
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344 Points Joined May 2017
194A normal threshold is 10000
But for senior citizen it is 50000
Nd same is the deduction allowed under 80tta n 80ttb respectively
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On 09 April 2019 at 11:21
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12244 Points Joined May 2017
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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On 09 April 2019 at 14:21


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