Menu
TDS on Saving Bank Interest
whether TDS is required to be deducted u/s 194A on saving bank account interest ?
Replies (4)
No, TDS is not applicable on Interest from savings Bank Account
tds is not applicable saving bank interest
TDS is not applicable on Saving Bank Account Interest, however if saving Bank interest is more than ten thousand, this will be added in your total income on which u get deduction of Rs 10,000/- of saving Bank interest under section 80TTA
in my opinion, there's no provision which bars from deducting tax at source for savings bank interest. only condition is that for scheduled banks and other banks, TDS to be made if total interest in aggregate exceeds 10000 in a year and in any other cases, the limit is 5000. if I'm wrong PLS correct me
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
