Sir,
please guide I think some mis understanding by bank
suppose Mr.X opened fixed deposit in pNb for one year estimate interested earned from FDR Rs.29600/- Bank Clerk ask to Mr. x filled form 15G in April month otherwise 10% TDS will be deduct. So that means TDS applicable when interest income Rs.10000 increased.
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TdS on fixed deposit
Replies (3)
Quick Summary
In case of fixed deposits 15G should be filed by every holder for not getting TDS deducted on interest. It is mandatory
So that means every bank has separate separate rules SBI is asking tdS applicable when interest income is increase 40000
But if you submit 15G then there is no problem even if Interest doesn't exceed limit
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