Nathrao
Insolvency N Gst Professional
Ran25
Salaried Employee

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How does TDS calculate on Fixed deposit? i have savings account with SBI which has FD accounts linked to it. every year there is some TDS deducted despite of filling 15G form so i want to know what is the applicable limit for TDS after submitting 15 G form.
I got below quoted information at SBI site
||In case the amount of interest paid/payable exceeds the applicable limit for all accounts linked to single CIF( even though operating at different branches), 15 G is not applicable. Hence please donot submit.||

Final tax on estimated total income should be Nil. Only in such cases 15G should be submitted. If interest exceeds Rs250000 per year then TDS will be deducted by the bank.
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