URGENT HELP

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A person who invest 100000 rupees in a bank, @ 9.25% for 4 years,is it TDS applicable there? and if yes than how to save it?

Replies (3)

tds is to be deducted by bank if total interest during the year exceeds 10000

if you want to save TDS THAN MAKE 2 FD'S IN DIFFERENT BANKS 

Hello Vaibhav, u can submit the form 15G / 15H, as the case may be, to save TDS Deduction.


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