TDS on fixed deposit interest

[Navneetk24]

Hi, sorry for the newbie question.
I am maintaining FD of 1 lakh each at five different banks.
Is the TDS on FD interest income(40000/year) calculated per each bank or across all bank FD combined?

In case of interest above TDS threshold, at which bank should I submit the form 15 G for non deduction?

 

[Hemang]

Hi, sorry for the newbie question.
I am maintaining FD of 1 lakh each at five different banks.
Is the TDS on FD interest income(40000/year) calculated per each bank or across all bank FD combined?

In case of interest above TDS threshold, at which bank should I submit the form 15 G for non deduction?

Har bank ko khud ki FD se hi matlab hota hai bhai. U will have to submit advance tax (if applicable in your case if you are having income above tax slabs) on your own.

 

[SSV]

Hi, sorry for the newbie question.
I am maintaining FD of 1 lakh each at five different banks.
Is the TDS on FD interest income(40000/year) calculated per each bank or across all bank FD combined?

In case of interest above TDS threshold, at which bank should I submit the form 15 G for non deduction?

this is what Section 194A of Income Tax Act says..
So, the threshold of 40K is calculated at each bank level.. In your case, there wont be any TDS for Interest on FD will be deudcted by any of these 5 banks..
Enjoy..

 

[KLB@96]

Guys, can someone tell me can I get TCS refund which I paid for my car purchase >?/

 

[SSV]

Guys, can someone tell me can I get TCS refund which I paid for my car purchase >?/

Yes, at the time of ITR, it will be taken care of ..