Easy Office
LCI Learning

What to do avoid tds on fixed deposit?

This query is : Resolved 

16 November 2011 what to do to avoid TDS on fixed deposit?

16 November 2011 Have Deposit in such manner in different bank so that total does not exceed 5000 in a single bank,

And if u r not in limit of taxable income than issue 15G or 15H for respective resident.

16 November 2011 You may like to make FD in small amounts in different banks so that the interst in any single FD is not exceeding the threshold limit of amount subject to TDS during the year...


16 November 2011 The threshold limit on Interst on FD is Rs.10000/- in a year...After this amount your Interest in liable to TDS.

16 November 2011 Keep the interest on FD upto the prescribed limit.
Alternatively, Furnish Form 15G/15H (if investor was not subject to income tax in previous year)



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query