TDS on interest income

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133 Points Joined December 2017

I am below 60 yrs individual. i earned 65000 interest income in AY 2020-2021.

for what amount of interest tax deduction is applicable

Replies (2)

PROPRIETOR

76 Points Joined April 2020

Dear Sir,

Once the bank interest exceed Rs. 10,000 in a year, bank will deduct tds @ 10%.

However, if your total income in year is below Rs. 250,000/-, then you can file form 15H to bank after which bank will not deduct tds.

28057 Points Joined May 2017

Submission of form has to be within due date that is AY 20-21.
APRIL 2020...

EXCEPT NOW...

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