TDS REFUND

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  1. luckyreddy

    luckyreddy New Member

    Dear sir,

    i have KND (int on int) bank deposits of Rs.30.00 lacs, from that deposits i am earning interest and i submitted form 15 g for the fy 15-16, recently bank has deducted Rs. 25170/- as TDS amount, i enquiry in bank regarding tds amount, they are informing that the interest exceeds the Rs.2,50,000/- (interest on interest) in the Fy 2015-16, so they deducted the TDS amount.
    Now how to claim the Rs.25170/- TDS amount? Kindly suggest
     
  2. luckyreddy

    luckyreddy New Member

     
  3. ZED

    ZED Well-Known Member

    You will have to file the return and claim the refund. Your income has exceeded the maximum amount not chargeable to tax , and therefore, they have deducted tax at source, even when you have submitted form 15G.
    If you have any other income, kindly do consider that aswell.
     
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