TDS on NRO Saving Interest.

Whether TDS is require to be deducted from

1) Saving Interest on NRO A/c

2)Saving Interest on NRE A/c

3)FD Interest on NRo A/c

4)FD Interest on NRo A/c

If YES, Than What is the Rate of TDS...

Replies (1)

interest on NRE deposit exempt from tax under sec 10 of the income tax act

interest from NRO deposit come under sec 195

 

TDS rate is 30.9%( 30% tax +3% Education cess so in your case except 2nd all interest liable to TDS

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