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TDS on interest earned from FDRs
by Macwan Mahesh Paul on Apr 28, 2007 10:23 AM

Dear Shri Lakhotiaji,

Banks are deducting TDS on interest earn from FDRs, if the interest amount is more thatn Rs.5000/- p.a.

For the FY 2007-08, is the limit increase to Rs.10000/- p.a.

Please inform.

Best regards,

Macwan Mahesh Paul

macmp71@rediffmail.com

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All these incomes are tax-free