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Is there TDS for a fixed deposit in KSFE ?

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CA Subin VR Subin VR, Chartered Accountant,FCA, DISA (ICAI) verified
Answered on November 27,2020
TDS will be applicable if your annual interest is more than Rs.5000/- from KSFE. If your income is below taxable limit you can file Form 15G (if senior citizen Form 15H) to avoid TDS from KSFE. Even if KSFE deduct TDS, you can file and get refund of TDS, if your income is below taxable limit.

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