TDS on fixed deposit In SBI

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629 Points Posted on 13 August 2021
Sir

if interest income is around 36000/-from fixed deposit so can bank will deduct TDS or not
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On 13 August 2021 at 17:28 Report
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Quick Summary
This discussion clarifies the rules around Tax Deducted at Source (TDS) on interest earned from fixed deposits with SBI. If your total annual interest income from fixed deposits is less than £40,000, SBI will not deduct TDS. This threshold applies to general customers, with a higher limit for senior citizens.

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Chartered Accountant
24588 Points Posted on 13 August 2021
No bank will not deduct TDS as interest is less than 40000 rupees
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On 13 August 2021 at 18:02
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791 Points Posted on 14 August 2021
Agree with sourav ji
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On 14 August 2021 at 00:48
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Chartered Accountant
24588 Points Posted on 15 August 2021
Thank you
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On 15 August 2021 at 10:34
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Chief Accountant
3150 Points Posted on 17 August 2021
No, bank will not deduct TDS
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On 17 August 2021 at 02:44

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