Regardin the fd - itr

Sandeep (Junior Functional Consultant)   (67 Points)

30 July 2012  

Hi All

My Wife is having a FD amount for 5L (Suppose) @ 9.44%(rate of Interest ).... Now she is not educated, living in village. I heard that there will be some Fixed charges per annum for the same at the rate of 10.2%....

Now how to avoid this TDS to be deducted from the FD Interest amount.....

Since,

1) For Female who is dependnt on me(husband) if her total income(Interest from FD) is with in the limit how come there be a TDS for the same.

2).The total Income i.e 5L is Agriculture Income (Wich is totally exempted from Tax / TDS).

3).Actually i want to know how to avoid paying the TDS to the govt.

4) Does she has to file the ITR now....

 

Please help me to help a Solution for the above questions....

If i have confused am sorry, if there is no meaning atall forgive me... But i want a reply for the same.....

 

Thanks