1. Categories >> Accounting >> Taxation
  2. Suggest New Category

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

Question Posted / n.manohar

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

what is the rate of TCS tax?

5 Answers   TCS,

how many form used in sales tax return from begining to ending?

0 Answers   Otis,

how to mix calculation VAT & CST in account where charged VAT & CST in bill

3 Answers   Infosys, Reliance,

I am Register dealer in Karnataka. One of another register dealer of karnataka has got job work at Andhra Pradesh. They asked us to deliver the material in Andhra pradesh but the invoice should be in Karnataka only. Now my question is what type of sales tax should we charges VAT / CST? As per my best knowledge whether we raised the invoice in Karnataka the invoice will raise in VAT though we deliver the material at Andhra Pradesh.

3 Answers  

How to calculate the TDS

0 Answers   Manufacturing, Wipro,




If TDS on Rent is to be charged on Rent which includes Maintenance Charges which are clearly evident, then has TDS on REnt also to be charged on Maintenance Charges?

2 Answers  

can anybody provide me the format of PF & ESI with the rate chart.

2 Answers   OPI Global,

ANY differenece between income tax and tds

6 Answers   Amara Raja,

We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices

0 Answers   Capital IQ,

our Consinor Vat rate @14.5%(revised rate) In pujab , is the same rate applicable in A.P. Ex:I have billed 10 auto tubes each @ 120/- = 10*120=1200 + vat 14.5% = 174 total bill value Rs.1374/-...can we collect 14.5% vat or 12.5%(in A.P.) vat from customer..

2 Answers  

service tax

3 Answers  

in gujarat. whether Vat is applicable if H form issue ?

0 Answers  

For more Taxation Interview Questions Click Here
Categories