Tds on interest

Hi guys,

 

Can you explain me how the banks will deduct tds on interest on fixed deposits in both cases ( if PAN card submited & PAN card not submited) , and if we didn't submit the PAN card and now if we submit i.e. after deducting TDS on interest, how can we get the refund of amount of TDS deducted

 

Thanks & Regards:

D.Ramesh

CA student ( articleship trainee)

Replies (4)

If pan card is submitted then it's 10% and if not then 20%

10% - PAN Submitted

20% - PAN not submitted

 

Regards,

Devendra Kulkarni

TOTALLY AGREED WITH ABOVE COMMENTS, NON FURNISHING OF PAN ATTRACTS TDS @ 20% U/S 206AA of Income Tax Act 1961.

And one more thing if you don't want to get deducted TDS from your Fixed Deposited then just go to Bank & Fillup the form no.15G (For non scenior citizenz) or 15H (For scenior citizen). This form shows that your income does not exceeds basic exemption limit. And make sure before fillingthat it actually not.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details