IT challan nos. & head for online incometax payment

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  1. surendra kumar

    surendra kumar New Member

    I want to pay online income tax on Bank's fixed deposit interest income as bank deduct TDS only 10%.
    Now my query is :-
    1- Is there any exemptipn limit on fixed deposit interest income?
    2- On what challan nos. & head I can pay income tax online on FD's interest income ?
  2. Karan Batra

    Karan Batra Well-Known Member

    1. There is no specific exemption on interest earned on fixed deposits and tax would be levied as per the income tax slab rates on the total annual income.

    2. Tax can be paid on such income through Challan No./ITNS 280
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