Tax FAQ

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TDS Rate on Bank Fixed Deposit Interest


Rate of TDS on Interest Income under section 194A of the Income Tax Act

NATURE OF PAYMENT Interest other than Interest on Securities EXCEPTIONS: Check TDS Rates Chart For Year 2013-14 No tax shall be deducted in the following cases – Where the payee is – Any banking company/ co-operative land mortgage bank. Any financial corporation LIC / UTI Any company or society carrying on insurance business Any other […]

 

Rate of TDS on Interest on Debenture, Bonds and other Listed Securities under section 193 of the Income Act

Nature Of Payment “Interest of securities” EXCEPTIONS: Interest payable on notified debenture, bonds and other securities For Example, National defence Bonds, 1972; National defence Loans, 1972 National developments Bonds Interest payable on securities of Central Govt. / State Govt.[However TDS is necessary in case of 8% saving (Taxable) Bonds,2003] Interest on debenture, if following conditions […]