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Bank interest u/s194a

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(Querist)
13 August 2015 how to calculate the tax on bank interest and which form to be use for that purpose
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Deepti Asawa

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Deepti Asawa (Expert)
13 August 2015 TDS liable @ 10% on Bank interest when bank interest amount more than Rs 10000.

If total income less than taxable limits (less than Rs. 250000 in case of Individual/HUF) than a Individual/HUF can give declaration to bank in form no. 15G/H than bank will not deduct TDS.

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prashant tawade

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prashant tawade (Querist)
13 August 2015 thanks but which form to be use if main sourse of income is salary
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prashant tawade

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prashant tawade (Querist)
13 August 2015 thanks but which form to be use if main sourse of income is salary
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Deepti Asawa

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Deepti Asawa (Expert)
13 August 2015 You can file ITR-1 for Salary and Interest Income

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