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TDS deduction for Savings bank account

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404 Points Posted on 16 July 2020
Is Tds only deducted on fixed deposit interest but not on savings bank account interest.
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On 16 July 2020 at 17:00 Report
Replies (5)
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Tax and Business Consultant
11616 Points Posted on 16 July 2020
Yes, No TDS on saving bank interest. On FD interest TDS deducted if interest amount exceed 40,000/50,000(for senior citizens).
66 Reply
On 16 July 2020 at 18:33
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4215 Points Posted on 16 July 2020
Yes no tds SB interest
12 Reply
On 16 July 2020 at 18:44
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1313 Points Posted on 16 July 2020
Bank nener made tds from the interest of our sb account. But the taxpayer must include the interest of SB account which exceeded Rs. 10000 annually in his return.
1 Reply
On 16 July 2020 at 23:28
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Student
23688 Points Posted on 17 July 2020
TDS is not Deducted on Interest from Savings Bank Account.
97 Reply
On 17 July 2020 at 00:29
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281 Points Posted on 17 July 2020
No tds on saving account
1 Reply
On 17 July 2020 at 22:08


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