I am below 60 yrs individual. i earned 65000 interest income in AY 2020-2021.
for what amount of interest tax deduction is applicable
Dear Sir,
Once the bank interest exceed Rs. 10,000 in a year, bank will deduct tds @ 10%.
However, if your total income in year is below Rs. 250,000/-, then you can file form 15H to bank after which bank will not deduct tds.
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