TDS on fixed deposit interest and what remains to pay. TDS is not the final tax: it is deducted at ten percent while the liability follows your slab, so a thirty percent taxpayer always owes more.
Also called: tds on fixed deposit, bank interest tds.
₹6,500 deducted at source on interest of 65,000. Your actual liability at 30% is ₹19,500, so 13000 remains payable when you file. Interest crossed the 50000 threshold, so TDS applies to the whole amount rather than the excess.
Computed from the published rates for the tax year you selected, which is not necessarily the current year. A calculation, not tax advice, and it does not know anything about your circumstances beyond the figures entered.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
Once interest crosses the threshold, TDS is deducted on the whole amount rather than only on the excess. The rate doubles without a PAN. What matters is that TDS is an advance, not a settlement: at a thirty percent slab, ten percent deducted leaves twenty percent still due, which catches people who assume the bank has handled it. Form 15G, or 15H for senior citizens, stops deduction where total income falls below the taxable limit, and filing one when income is above that limit is a false declaration.
TDS applies to the whole interest once the threshold is crossed, not to the excess over itEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
TDS deducted₹6,500
10% of the whole 65,000, against a 30% liability
Open this exampleTDS deducted₹0
boundary: still fully taxable
Open this exampleTDS deducted₹13,000
degenerate case
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