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interest from saving bank account

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(Querist)
19 November 2008 what is maximum expemption limit of intrest from a saving bank account from tds..deduction plese advise
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Mcgupta

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Mcgupta (Expert)
20 November 2008 No TDS on saving bank interest earned.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 November 2008 In other words,only interest payable on term deposit (also known as fixed deposit,time deposit etc)are subject to tds.
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Ravikumar.G

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Ravikumar.G (Expert)
20 November 2008 Even if it a single rupee you have to disclose it in your Income statement under the head income from other sources.

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