Tds on fd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2013
Dear Experts
1) Mr. X, 30Age is having taxable income from salaries. suppose 260000/- for FY 2013-14
2) Interest income 2800/- on FD
3) And Mr. X is eligible for decutions u/s 80c for Rs. 22000/-
Whether he is required to submit FORM15G to bank or not? (To avoid TDS from bank)
Please advise
1) Mr. X, 30Age is having taxable income from salaries. suppose 260000/- for FY 2013-14
2) Interest income 2800/- on FD
3) And Mr. X is eligible for decutions u/s 80c for Rs. 22000/-
Whether he is required to submit FORM15G to bank or not? (To avoid TDS from bank)
Please advise
09 October 2013
No.. TDS will not be deductible if interest is less than 10,000..
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