if interest on FD is paid by bank then what is the limit in tds?
for what is the limit of 5000 ?
plz help me out regarding these points in detail
6 Replies
Chetz Rao
(114 Points)
Replied 01 September 2021
If interest received other than bank deposit, post office deposit/bank co- society deposit -tds limit is 5000
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 01 September 2021
Further, in case of interest on FD, the limit is 40k pa.
Bhavika Tourani
(156 Points)
Replied 01 September 2021
40k includes only fd interest or any other interest is also included?
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 01 September 2021
Yes, any interest from Bank is included in the limit of 40k.
For senior citizens, this limit is 50k.
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