banner_ad

Tds on fd interest and saving account

TDS 399 views 3 replies

I have some FD interest of 6K and saving account interest of 5K. should i mention saving account interest as exempt income or to be clubbed with FD interest and attract TDS on slab rate. 

Please let me know with rules.

 

Regards,

Upendra

Replies (3)

You have to declared total interest including SB acc interest, under IFOS; but can claim the sb interest under section 80TTA. (Deduction under chapter VI A)

Income From Other Source:- 6+5 = 11K

Deduction u/s 80TTA:- 5K

Please note savings account interest is not exempt.It is fully taxable. However, a deduction u/s 80TTA has been given up to Rs 10000 for income from savings bank account. Since your SB interest is well below the limit of Rs 10000 it will not have any tax effect.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details