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Tds on fixed deposit in bank

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 October 2013 when bank deduct tds on interest??? according to latest rule....
Quarterly, end of financial year ,on maturity or payment?????
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 October 2013 while crediting interest your account or payment which ever is earlier. If the interest payment is quarterly then it will be deducted quarterly
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 October 2013 bt some bank deduct tds on end of financial year and credit interest quarterly.... why ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
10 November 2013 some time banker will wait till the threshold limit under TDS provision

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