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

Answer Posted / 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       View All Answers


Please Help Members By Posting Answers For Below Questions

What are allowable and dis-allowable expenditure?

687


can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged

1909


Is Work Contract Tax expenses for a company?

1087


If any new form open than we are able to deduct TDS on first year

1800


From Karnataka,while sending material out, which are all the states required Form 38?

1629






ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return

1531


What are the deductions under salary head?

562


Sir please confirm job work sale for clothes shat d1 yes & no

1296


what is the difference between tds tax code and tds tax type in sap fi

1319


THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?

1785


what is Bank Stock Statement and which companies required bank stock statement, how can we make the bank stock statement

1393


which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent

1881


I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.

4256


CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.

1694


what is excise

1873