The bank has deducted tax @ 10% by means of TDS on interest on my fixed deposits. As I fall into 30% tax slab it is required to pay the remaining 20% tax
The numbers are like this: Total interest credited on my FDs is Rs 215884 and total TDS deducted by banks is Rs 21625. Dues to be paid now is 20% of 215884 = Rs 43176 plus education cess.
However in addition to that the quick file ITR section of the e-filing website shows I need to pay around Rs. 2250 under 234b and Rs. 1665 under 234c.
I dont understand this calculation, could you please help me at the earliest as tomorrow is the deadline for return filing?