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TDS on Postal Saving

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(Querist)
12 May 2010 Whether the interest received from postal deposits is liable to TDS? If it is deductible then is there any form (like 15H/G) which can be submitted to them to avoid deduction of tax?

Thank You,
Regards,
Devendra
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Rahul Vora

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Rahul Vora (Expert)
12 May 2010 Yes, interest received from postal deposits is liable to TDS. You can submit Form 15G to avoid deduction of tax
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Devendra

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Devendra (Querist)
12 May 2010 Thanks Rahul...!!! :)
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