Finance, Forex and Investments

TAX DEDUCTION AT SOURCE FOR INDIAN BANKS?

what is the maximum amount that one can have as a fixed deposit before the TDS is charged in Indian banks. and what is the maximum interest one can avail from bank with out TDS ( Tax Deduction at Source)

Public Comments

1. For FY 2008-09, the income not subject to tax for a senior citizen is Rs. 2,25,000. So your Form 15H is good for this amount. Under section 197A, you can file Form 15H/15G so that no tax is deducted at source. Read http://mytaxes.in/index.php?topic=39.0