Is TDS to be remunerated on edge deposit ? Is it mandatory ?
I hold a fixed deposit of Rs.80000/ on maturity- guard deduct TDS -though my interest income is below Rs.10000/.Bank say any interest income TDS tobe deduct. Pl suggestion.
Answers:
u already hold four answer. agree to me try to distribute u a clearer answer. There is No Tax on Bank Deposit. TDS is deduct if the interest amount due to you exceed rs 10,000/- per annum. On rs 80,000/ fd the interest have to be smaller number than rs 8000/-. so no TDS. But if u hold a stash ridge description contained by impossible to tell apart branch and the interest credited to your rationalization plus the interest on FD exceeds rs 10,000 dune will discount TDS. hope i am clear enjoy a nice morning
The hill is not liable to discount TDS on deposit interest if it is below Rs.10000/= this financial year[year finish March2008].The threshold curb for mandatory speculation of TDS be Rs.5000/= for y.e.March2007.However TDS conclusion can be waive if the depositor submits form15G stating that his income for the year in put somebody through the mill is in taxable confines.
heyya dear.
TDS is not applicable to this deposit venture .
The depositor pays the Bank a minimum stipulated amount of money every month for 3 years, at the completion of which the accumulate deposit together beside interest is repaid to him/her. The Depositor have the substitute to remit 10 times of stipulated monthly instalment in a month and cancel segment of the Deposit at the ruin of 1st and 2nd year of deposit. Minimum amount of deposit is Rs 500/- p.m. and thereafter in mulltiples of Rs 100/-. There is no maximum boundary.
The rate of interest will be payable at the rate approved by the Bank from time to time. Interest is remunerated annually and is ploughed pay for into principal every year. However the interest will be compounded on quarterly foundation so as to fetch complex let go on the investment.
The commentary can be open by an individual in his / her own given name, individuals in their reciprocal name near suitable repayment instructions,minors represented by guardian and by clubs,societies, associations etc.
TDS is not applicable to this deposit plot .
You know that TDS is not applicable on Recurring deposit and Saving wall statement of Banks.
The rate of interest on RD a/c is still highly developed than sb a/c
TDS is applicable for ridge F.D.'s above Rs.10,000/-
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Answers:
u already hold four answer. agree to me try to distribute u a clearer answer. There is No Tax on Bank Deposit. TDS is deduct if the interest amount due to you exceed rs 10,000/- per annum. On rs 80,000/ fd the interest have to be smaller number than rs 8000/-. so no TDS. But if u hold a stash ridge description contained by impossible to tell apart branch and the interest credited to your rationalization plus the interest on FD exceeds rs 10,000 dune will discount TDS. hope i am clear enjoy a nice morning
The hill is not liable to discount TDS on deposit interest if it is below Rs.10000/= this financial year[year finish March2008].The threshold curb for mandatory speculation of TDS be Rs.5000/= for y.e.March2007.However TDS conclusion can be waive if the depositor submits form15G stating that his income for the year in put somebody through the mill is in taxable confines.
heyya dear.
TDS is not applicable to this deposit venture .
The depositor pays the Bank a minimum stipulated amount of money every month for 3 years, at the completion of which the accumulate deposit together beside interest is repaid to him/her. The Depositor have the substitute to remit 10 times of stipulated monthly instalment in a month and cancel segment of the Deposit at the ruin of 1st and 2nd year of deposit. Minimum amount of deposit is Rs 500/- p.m. and thereafter in mulltiples of Rs 100/-. There is no maximum boundary.
The rate of interest will be payable at the rate approved by the Bank from time to time. Interest is remunerated annually and is ploughed pay for into principal every year. However the interest will be compounded on quarterly foundation so as to fetch complex let go on the investment.
The commentary can be open by an individual in his / her own given name, individuals in their reciprocal name near suitable repayment instructions,minors represented by guardian and by clubs,societies, associations etc.
TDS is not applicable to this deposit plot .
You know that TDS is not applicable on Recurring deposit and Saving wall statement of Banks.
The rate of interest on RD a/c is still highly developed than sb a/c
TDS is applicable for ridge F.D.'s above Rs.10,000/-