TDS on Fixed deposit new rule 2019

TDS limit 40000

TDS on interest u/s 194A, the rule has been changed for FY 2019-20. Now limit for TDS on FDR has been increased from 10,000 rupees to 40,000/- Earlier it was 10,000 rupees only. It means banks were deducting TDS on FDR if income exceeded 10,000 or onwards. Now you no need to worry for 15G 15H form, … Read more