Sir, Same question Suppose Mr. Ram has a two fD in separate separate bank. where interest income is one fD 29600 and 2nd fD is interest income is 22400 . one bank suggest you summit 15G because your interest is increase from 10000 but 2nd bank suggested no need to submit 15g because interest is fD less the 40K so lots of confusion please suggest
Bank need to deduct tds on interest more than 40000. But you need to check your income if it is less then taxable limit.then submit form 15g for non deduction.