Tds on bank interest

TDS 865 views 1 replies

babugr

officer

33 Points Joined January 2012

While viewing 26AS I found that an amount of Rs.52 was shown as my tax deposited by my bank under 194A showing an interest of Rs.519 for AY2012-13. Hope this has come from my fixed deposit interests. My question is what actions should I take to pay the balance tax (20% as I am in 30% slab) and how do I pay as this is the only other income I have other than salary.

thanks

babugr

Replies (1)

Sonam Bidasaria

770 Points Joined July 2008

You should pay the balance 20% in the form of "Advance Tax" and as I understand 90% of your total tax liability has been discharged by way of TDS deducted on Salary and Interest, you can also pay Self Asst Tax at the time of filing return.