Understanding TDS on Fixed Deposits
How is TDS calculated on a Fixed Deposit? I have a savings account with SBI that has FD accounts linked to it. Every year, there is some TDS deducted despite filling out a 15G form. Therefore, I want to know what the applicable limit for TDS is after submitting the 15G form.
I found the following quoted information on the SBI site:
"In case the amount of interest paid/payable exceeds the applicable limit for all accounts linked to a single CIF (even though operating at different branches), Form 15G is not applicable. Hence, please do not submit."
From Vietnam, Ho Chi Minh City
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How is TDS calculated on a Fixed Deposit? I have a savings account with SBI that has FD accounts linked to it. Every year, there is some TDS deducted despite filling out a 15G form. Therefore, I want to know what the applicable limit for TDS is after submitting the 15G form.
I found the following quoted information on the SBI site:
"In case the amount of interest paid/payable exceeds the applicable limit for all accounts linked to a single CIF (even though operating at different branches), Form 15G is not applicable. Hence, please do not submit."
From Vietnam, Ho Chi Minh City
Acknowledge(0)Amend(0)
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Salary with TDS Calculation-Fin al Amended for net.xls