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