TDS for Senior Citizens Fixed Deposit | Complete Guide Citizens { NEW }

 

 

As per the Income Tax Act, 1961, Tds For Senior Citizens Fixed Deposit Interest is applicable when the deductee has provided its Pan Number to the deductor. otherwise, if deductee not provided PAN, the deductor is TDS deducted at a higher rate as 20% of the total payment.

 

 

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Also, As per the Income Tax Act, 1961, Tds For Senior Citizens Fixed Deposit Interest will be  deducted list of Payment given Below :

 

 

TDS on Interest other than  Interest on securities / Interest on Loan ( 194A)

Section Nature of Payment  15G-15H TDS Rate for Resident TDS Rate for Non Resident
194A Saving Bank Interest Yes 10% Interest (Banks) above Senor Citizen Above Rs. 50000 PA NA
194A Fixed Deposit Interest Yes 10% Interest (Banks) above Senor Citizen Above Rs. 50000 PA NA
194A Post Office Interest Yes 10% Interest (Banks) above Senor Citizen Above Rs. 50000 PA NA
194A
 		 Other Company Interest Yes 10% Interest (Banks) above Senor Citizen Above Rs. 50000 PA NA

 

 

Income Tax Contact Details 

Details Contact Number
PAN Application & Update 91-2027218080
TAN application & Update 91-2027218080
Aayakar Sampark Kendra 1800 180 1961
Income Tax Queries 1961
e-Filing Income Tax Queries 18001030025
Income Tax Intimation 18004190025
Income Tax Rectification 91-8046122000
Income Tax Refund  91-8061464700
TDS Reconciliation 1800 103 0344
Form 16, Tax Credit (Form 26AS)  91-120-4814600
Audit Report Queries  TAR.helpdesk@incometax.gov.in
Income Tax Queries ITR.helpdesk@incometax.gov.in

 

 

Quantum of deduction u/s 80 TTB  for senior citizens :

 

As per the Income Tax Act, a Quantum of deduction u/s 80 TTB  for S citizens is applicable for Rs. 50000/- per year of the total payment.

 

 

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Tds For Senior Citizens Fixed Deposit

Tds For S Citizens Fixed Deposit

 

 

Tds For S Citizens Fixed Deposit Related Query :

 

 

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Tds For Senior Fixed Deposit As per the Income Tax Act, 1961, Tds For Senior Fixed Deposit Interest is applicable when the deductee has provided its Pan Number to the deductor. otherwise, if deductee not provided PAN, the deductor is TDS deducted at a higher rate as 20% of the total payment. Also, As per the Income Tax Act, 1961, Tds For Senior Citizens Fixed Deposit Interest will be  deducted list of Payment given Below : TDS on Interest other than  Interest on securities / Interest on Loan ( 194A)