Give us your phone number and email
we will send you the details.

By contacting this business you agree to follow all our terms and conditions mentioned here.

Verify OTP

Please check your email for the OTP, if not received please refresh the page and try again, also check your spam folders.

Upload Resume to create profile
Email: |
Create Job Alert

Query: What is rate of TDS on FD

Category: Investments

Answer: Rate of TDS on FD is 10% if the amount of interest in a bank / post office exceeds Rs. 40000 in a financial year. The limit of amount of 40000 has been increased from 10000 W.e.f from 01/04/2019, this limit is Rs. 50000 for senior citizens. Rate of TDS also differs based on PAN information: 1. If our PAN No. is available with bank, bank deducts TDS @10% and deposit it to the Govt & credit it our PAN no so that we can take benefit of it. 2. If our PAN No. is not available with bank, bank deducts TDS @20% and deposit it to Govt. without credit to us. So we lose 20% completely.

Date Posted 13-Dec-2019
Posted By Kumar Prakash
Views: 935



Related Queries