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TDS rates on FDR

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(Querist)
04 December 2009 Dear Sir,

ICICI bank has deducted tax @ 10% on corporate FDR. Is this right % on FDRS.

regards,
lalit
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 December 2009 As per 194A if the interest amount is > Rs.10,000/- tax is to be deducted @10%.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
04 December 2009 yes
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CA. Rishabh Mittal

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CA. Rishabh Mittal (Expert)
04 December 2009 Further, no surcharge & education cess is to be applied.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
04 December 2009 yes agree, if you are other than Ind.or HUF then rates @20%

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