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TDS on Fixed Deposit

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(Querist)
05 March 2020 Dear Sir,

What is the basic limit of TDS deduction from fixed deposit. earlier it was Rs.10000/-
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 March 2020 * 40,000 where the payer is a banking company/co-op society/post office.

* 5,000 in any other case.
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Surinder

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Surinder (Querist)
05 March 2020 Thank you very much Sir,
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