hi friends ,
can u pls help me in giving what is the
TDS rate for bank interest
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TDS rate
Replies (5)
Nil.
TDS is not applicable on bank charges
| Originally posted by :Shudhanshu | ||
| " | TDS is not applicable on bank charges | " |
TDS Rate on Bank Interest is as Follows:
1. For Individual/HUF = @ 10%+SC @ 10%(if applicable)+EC @ 3%
2. For Indian Companies/Firms = @ 20%+SC+EC
3. For Oversease Companies/Firm = @ 40%+SC+EC
| Originally posted by :Thimma Reddy | ||
| " | hi friends , can u pls help me in giving what is the TDS rate for bank interest |
" |
TDS not applicable on the payment tobanks and government dues
Banks can deduct TDS on interest payment but no TDS deductions in case of interest payment to banks
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