TDS on NRO Saving Interest

This query is : Resolved

CA. Rajesh P. Ahir (Querist)
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11 July 2011 Whether TDS is require to be deducted from

1) Saving Interest on NRO A/c

2)Saving Interest on NRE A/c

3)FD Interest on NRo A/c

4)FD Interest on NRo A/c

If YES, Than What is the Rate of TDS...

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 July 2011 If interest payable by the bank , exceeds Rs. 10000/ TDS will be deducted-

1) Saving Interest on NRO A/c : TDS @ 10%

2)Saving Interest on NRE A/c: Int is Tax free so No TDS

3)FD Interest on NRo A/c : TDS @ 10%

4)FD Interest on NRo A/c : As Above.