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Tds on stdr

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 January 2014 I deposited 20 lacs in SBI and 5 lacs in PNB as STDR in april 2013. Now I have submitted form 15G to both banks. Will bank still deduct TDS ? I have no other income.
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@VaibhavJ

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@VaibhavJ (Expert)
31 January 2014 HI

If interest paid by bank is more than 2 lacs then TDS will be deducted on total amount.

Here you can get 2 lac benefit bank wise.

Thx

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