banner_ad

TDS on Interest on FD

TDS 1139 views 3 replies

Hello Friends/ Seniors

I have an interest income of Rs. 40,000/- from Fixed Depoits. All the FDs are with one bank only.

My questions are:

1) TDS that will be deducted by the bank will on the full amount of Rs. 40,000/- or on Rs. 30,000/-

2) If the FD's are with different Banks and the total Interest received is the same Rs. 40,000/-, but interest from none of the banks exceed Rs. 10,000/-, then will TDS be deducted or not.

Thanks in advance

Replies (3)
Originally posted by : Ravi Dasija


Hello Friends/ Seniors

I have an interest income of Rs. 40,000/- from Fixed Depoits. All the FDs are with one bank only.

My questions are:

1) TDS that will be deducted by the bank will on the full amount of Rs. 40,000/- or on Rs. 30,000/-

- full interest income is liable for TDS

 


2) If the FD's are with different Banks and the total Interest received is the same Rs. 40,000/-, but interest from none of the banks exceed Rs. 10,000/-, then will TDS be deducted or not.

- Bank branch will deduct TDS only in case of interest exceeding 10000/- per bank branch.


Thanks in advance

Thank You Sir...........

1) TDS will deduct on full amount of Interest of Rs.40000

2) No TDS 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

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
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details