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Topic: How much investment is safe as fixed deposit in banks against tds deduction on interest?  XML
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shankar


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How much investment is safe as fixed deposit in banks against tds deduction on interest?
Kartik Varma


Location: New Delhi
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Hi,

Tax is deducted at source, from the interest on fixed deposits, as per the income tax act 1961.

Tds will be deducted when interest paid or accrued during a financial year is Rs.10000 or more.

Applicable TDS rates are: individuals – 10% plus Cess on top of this.

However, if your income falls below the taxable limits, you may submit form 15h to request exemption.

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shankar wrote:How much investment is safe as fixed deposit in banks against tds deduction on interest?
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investment is safe as fixed deposit in banks against tds deduction on interest
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how much invest is safe as fixed deposit against tds deduction on interest
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shankar wrote:How much investment is safe as fixed deposit in banks against tds deduction on interest?
Anonymous


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shankar wrote:How much investment is safe as fixed deposit in banks against tds deduction on interest?
Anonymous


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Rs. 1 Lac subject to a max interest rate of 10% p.a.
Anonymous


Anonymous wrote:Rs. 1 Lac subject to a max interest rate of 10% p.a.
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Anonymous


upto 1 lac only.
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shankar wrote:How much investment is safe as fixed deposit in banks against tds deduction on interest?
Anonymous


shankar wrote:How much investment is safe as fixed deposit in banks against tds deduction on interest?
 
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