Fixed deposit 15G fom

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Vaneet Monga (Querist)
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13 April 2021 Dear Sir

WE have Fixed deposit in a bank Interest on fixed Deposit approximately Rs.33200/- So bank will deduct TDS on interest or note. 2nd Can i need to sumbit 15G form in a bank. my annual income is less then 2.50 lac

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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13 April 2021 Since the interest value is less than ₹40,000, the bank is not required to deduct tax at source. 15G is also not required to be submitted I think.

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