Regarding fd
This query is : Resolved
26 September 2016
respected sir i wants know about tds penalty if i invest 1 lakes for 1 year rate of interest is 7.25 that is means i received interest 7250 then a wants to make it other fd is 50000 and i received 3625 ok then total cost is 10875 so bank deduct my tds or not its charge for as same financial year if or may i choose 2 year plan then its charge for divide in 2 year please advise me.
26 September 2016
If the interest crosses 10000/- bank will deduct tds but you can submit 15 g then bank will not deduct TDs if you have a valid pan number
26 September 2016
thank u so much sir for giving me answer.i submit last year 15 g on this year i submit after finish this month. its ok for me. i have also pan card.
26 September 2016
As per rule 15 G to be submitted in the month if April every year .at least before deducting TDS
26 September 2016
Kindly contact the branch and if TDs is already deducted you can apply for refund
27 September 2016
thanks but let me confirm prev year i earn intrest rs: 9200/- and i ask at bank exe he told me last year submit in april so this year also u submit after april or may. its right or wrong for me.
27 September 2016
15G to submitted every year.if interest us 9200/- then that year tds will not be deducted.
I hope all the doubt cleared
I hope all the doubt cleared
27 September 2016
thanks i have also one confusion if i invest 1.5 laks for 1 year then intrest is 10575 for current financial year but if i invest for 2 year for 1 laks same intrest so earn amout is divied in 2 year or counted as one year intrest or two financial year.
27 September 2016
Interest for one FY is counted (from April 1st to march 31 st)
Check interest is above 10000/- then TDS is deducted otherwise not.
In your case if fd for two years deposited Rs 1 lac then per FY intrest will nit cross 10000/- per FY .no tds will be deducted
Check interest is above 10000/- then TDS is deducted otherwise not.
In your case if fd for two years deposited Rs 1 lac then per FY intrest will nit cross 10000/- per FY .no tds will be deducted
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