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What is the limit on bank interest without tds? |
What is the limit on bank interest without tds? TDS is applicable on bank FDR intt of Rs. 10,000/- and above. So saving account intt is totally exempt. If your total income including intt income is expected to be below taxable limit , you can file form 15G / 15H to the bank so that no TDS is deducted. For interest up to 10000/- there is no TDS deducted. But if your taxable income is nil, you can submit the form 15G (15 H for senior citizens) and request the bank not to deduct TDS on interest. www. incometaxindia.gov.in rs 9,999/-- |
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