TDS For Interest

Pls refer below relvant extract of Sec.194A of IT Act

(3) The provisions of sub-section (1) shall not apply—

         ⁷⁹[(i)   where the amount of such income or, as the case may be, the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year by the person referred to in sub-section (1) to the account of, or to, the payee, ⁸⁰[does not exceed—

        (a)   ten thousand rupees, where the payer is a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution, referred to in section 51 of that Act);

        (b)   ten thousand rupees, where the payer is a co-operative society engaged in carrying on the business of banking;

        (c)   ten thousand rupees, on any deposit with post office under any scheme framed by the Central Government and notified⁸¹ by it in this behalf; and

        (d)   five thousand rupees in any other case]:]

10000- FOR BANKING CO.

OTHERVISE 5000