I have fixed(term) deposits in HDFC bank which has generated a interest income around Rs. 8000 for FY 2019-20. My bank has not yet reported this to 26AS for any TDS deduction. I have verified that my PAN number is properly updated in my bank account.
What I wanted to know since the interest is less than 10000, is this the reason the bank has not deducted any TDS and not reported to 26AS?? I was searching in google and saw links on some upper limit of 10000. Wanted to confirm if there is any rule like that if the fixed deposit interest is less than 10000, then TDS is not deducted.
Thanks in advance...