TDS on RD Interest above Rs. 10,000 incl of FD Interest?

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  1. syed khan

    syed khan New Member

    As per the recent change will the TDS on RD for above 10k is inclusive of FD interest as well? Or will it be separate threshold of 10k by itself for RD interest only? Thanks
     
  2. Manoj Mehra

    Manoj Mehra Active Member

    The limit of Rs. 10,000 is inclusive of the FD Interest as well.
     
  3. syed khan

    syed khan New Member

    wow, thats terrible.
     
  4. Manoj Mehra

    Manoj Mehra Active Member

    It is completely justified as you are earning income from both FD as well as RD and TDS is to be deducted on all incomes earned.
     
  5. syed khan

    syed khan New Member

    Understood, thank you. One more question, will it include accural on RD income as well. For e.g. i have a RD that only matures in FY 16-17, while it continue to earn interest the pay out will only happen in the following year. Please clarify.
     
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