Is banks deduct TDS for my Fixed deposits? if yes what is calculations done per lakh.

Answers were Sorted based on User's Feedback



Is banks deduct TDS for my Fixed deposits? if yes what is calculations done per lakh...

Answer / raghuvstar@gmail.com

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

Is This Answer Correct ?    0 Yes 0 No

Is banks deduct TDS for my Fixed deposits? if yes what is calculations done per lakh...

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.

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Taxation Interview Questions

Dear Sir please give the answar for the following question. What is the CST rate, if C form is fail to file after issued final Assessment Order. Because our commidity is @ 4%. But in the assessment order they are demanding @12.5% tax to which c forms are not submitted. for this issue what is the rate applicable.

1 Answers  


what is deemed sales? how to calculated

0 Answers   PSU,


What is TDS rate of Salary head?

5 Answers  


what is the date of payment of tds of last month (March)& date of filing of last qtr.

5 Answers   HP,


IS THERE ANY TDS APPLICABLE ON AMC OF AC MACHINE

1 Answers   Capital IQ,






What is the penalty of non payment or late payment of Service Tax, VAT, TDS?

0 Answers  


How many financial statements are there?

18 Answers   Deloitte,


What is means by ESI ? How to calculate ESI ? ESI challan or form No. ?

7 Answers   Buzzworks Business Services, Reliable Hitech Infrastructure Private Limited,


what is turnover? how can i comput it

4 Answers  


Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards

0 Answers  


If Advance deposited Rs.200000/-, TDS diposited Rs.100000/- & Provision for Income Tax is Rs.250000/- but It department raise the Assessment Tax is Rs.350000/-. What will be the journal entries?

4 Answers   Honda,


service tax present rate

22 Answers   Capital IQ, Shyam Indus Power, STFC,


Categories