TDS Liable On Fix Deposit Interest
TDS Provisions are now applicable to all depositors (having Fixed & Recurring deposits) receiving interest above Rs. 10,000/- in Financial Year 2015-16 from the bank. The depositors who are eligible to submit Form 15G/15H are requested to submit the same immediately with PAN card. Depositors who have not submitted PAN will be liable for TDS didcut @20%. For more details contact to Branch Manager.