Interest On FDR

28 May 2018

when was bank not deduct TDS on interest on FDR even Interest is greater than 10000.

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6 Replies

Divakar (Student CA Final ) (11857 Points)
Replied 28 May 2018

Submit form 15G 15H.....when ur income doesn't exceed BEL

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 28 May 2018

Yes... I agreed to Mr Divakar...

lokesh agrawal (142 Points)
Replied 28 May 2018

here BEL stands for??

Divakar (Student CA Final ) (11857 Points)
Replied 28 May 2018

2.5 lakh.... Basic exemption limit.... Ur income doesn't exceed maximum amount not chargeable to tax

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lokesh agrawal (142 Points)
Replied 28 May 2018

if Our income are exceeds BEL then TDS is compulsory deductible by bank after submitting or non-submitting 15G and 15H

Divakar (Student CA Final ) (11857 Points)
Replied 28 May 2018

yes then tds is deductible on FD interest if it exceed Rs.10000

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