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NITIN DAYALJI DAVDA (Querist)
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06 March 2014 For the f.y. 2013-14, I have salary income of Rs. 5 lac and I earned interest of Rs. 30000 on bank f.d. but to avoid TDS on f.d., I filled form 15-G due to lack of knowledge, now I want to pay tax on f.d. interest which I earned to avoid any future problems which may be created by IT department, so how can I pay the tax and what amount of tax I would have to pay, please guide me.

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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06 March 2014 Hi Nitin,

Give this income details (Rs. 30,000) to your employer and accordingly he will deduct tax from your March month's salary.

Thanks,
Devanand