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Tds on fd interest

This query is : Resolved 

21 October 2013 I had made 4 FD in two bank suppose in HDFC & ICICI.

Interest from HDFC is Rs.7500/-
Interest from ICICI is Rs.3500/-

as total Interest on FD is Rs.11000/-. Is tds is applicable on total interest or limit of Rs.10000/- per bank.

Pls reply.

21 October 2013 Hi

This is not applicable of FD int. but savings bank interest.

So int on FD is 100% taxable under Income from Other Sources.

Thanks//VaibhavJ



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