Is banks deduct TDS for my Fixed deposits? if yes what is calculations done per lakh.
Answers were Sorted based on User's Feedback
Yes,
If Exceed 10000 from interest on Fixed deposit , TDS Will attract 10% ,
We also submit the 15H/G as Non Taxable desecration Form then Bank will not deduct the TDS
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Answer / raghuvstar@gmail.com
Yes,
If Exceed the FD deposit amt Rs.10,000/- TDS Will attract 10% ,
Calculation part depends on tenor days and Age base.
and
your Per annul income if not exceed the Thresold limi you can give to bank FOrm H and Form G.
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