How to avoid TDS on FD | How to avoid Income tax Notice on Fixed Deposit(FD) Interest | скачать в хорошем качестве

How to avoid TDS on FD | How to avoid Income tax Notice on Fixed Deposit(FD) Interest |

How to avoid TDS on FD | How to avoid Income tax Notice on Fixed Deposit(FD) Interest | To avoid an income tax notice on Fixed Deposit (FD) interest, submit Form 15G (under 60) or Form 15H (60+) to banks at the start of the financial year if your total income is below the taxable limit. This prevents Tax Deducted at Source (TDS). Other strategies include splitting FDs across family members, spreading interest across financial years, and using Section 80TTB for senior citizens.  Key Strategies to Avoid FD Tax Notices: Submit Form 15G/15H: If your total income is below the taxable limit, submit Form 15G (below 60) or 15H (60+) to prevent the bank from deducting TDS on interest exceeding ₹40,000 (or ₹50,000 for senior citizens). Use Section 80TTB (Senior Citizens): Senior citizens can claim deductions up to ₹50,000 on interest income from banks/post offices under Section 80TTB. Use Section 80TTA (Others): Individuals under 60 can claim deductions up to ₹10,000 on savings account interest under Section 80TTA (note: this does not apply to FD interest). Split FD Investments: Divide FDs among family members with lower income, such as a spouse or children, to keep individual interest income below the taxable threshold. Spread Interest Across Years: Time FD creation to distribute interest accrual over two financial years, potentially keeping each year’s interest below the TDS threshold. File ITR Diligently: Ensure all interest income is reported in your Income Tax Return (ITR) under "Income from Other Sources," even if TDS was not deducted, to avoid scrutiny.  If a notice is received despite no tax being due, respond promptly to the IT department with Form 15G/H and proof of income, explaining that the total income was below the exemption limit.  #fdinterest #tdsonfd #incometaxnotice #incometaxnotices #nstaxwalla #nstaxconsultancyundri #itrportal #AY202526 #FY202425 #itrduedate #itrdocuments #itrawareness #itr #itrseason #financialyear #trendingsreels #taxrefund #taxguidance #taxupdates #taxseason #incometax #taxexpert #taxadvice #taxprofessionals #tds #gst #trending #tcs #gstr #accounting #gstupdates #navodians #navodayan #jnv #kutch #gstregistration #incometaxindia #itrfiling #charteredaccountant #accountingservices #finance #undripune ___________________________ Watch these Videos Also↙️ ➡️ 1) New Tds Rates for Nri on sale of property after 23rd july-2024 | How to calculate Capital Gain ?|   • New Tds Rates for Nri on sale of property ...   ➡️ 2) How to fill Form 27Q for Tds Return |TDS on Property Purchase from NRI | TDS on Property Sold By NRI    • How to fill Form 27Q for Tds Return |TDS o...   ➡️ 3) New TDS Rates |Changes in TDS Rates from 1 October 2024 | New TDS Rates Applicability from OCT-24    • New TDS Rates  |Changes in TDS Rates from ...   ➡️ 4) Budget 2025 : Even if you have an income of rs 12 lac yearly, still you will have to pay tax ,कैसे ?    • Budget 2025 : Even if you have an income o...   ➡️ 5) How to save TDS on Fixed Deposit | Easy way to save tds on FD | FD पर TDS कैसे बचाएँ |    • How to save TDS on Fixed Deposit | Easy wa...   ➡️ 6) When ITR Filling will start for FY 2024-25 ( AY 2025-2026) | Who is Responsible for delay |    • When ITR Filling will start for FY 2024-25...   ➡️ 7) Property sale करने पर Tax Calculation कैसे करे? | FY 2024-25 | AY 2025-26 |   • Property sale करने पर Tax Calculation कैसे...   ➡️ 8) When ITR-2 & ITR-3 Filing will start for FY 2024-25 | AY 2025-26 | ITR Filing | Income Tax Return |   • When ITR-2 & ITR-3 Filing will start for F...   ➡️ 9) New Regime में कौन कौन से Deductions मिलेंगे | 12 lakh से ज्यादा income पर 0 % Tax कैसे लगेगा |   • New Regime में कौन कौन से Deductions मिलें...   ➡️ 10) What is Form 15 G & Form 15 H | Who can submit it | Form 15G/15H भरने से TDS deduct नहीं होगा |   • What is Form 15 G & Form 15 H | Who can su...   @nstaxwalla ____________________________ Follow us on ✅ Facebook :  / zcjuhvvocawre6lf   ✅ Instagram :  / nstaxwalla   ✅ Youtube :   / @nstaxwalla   🌐 Website : https://nstaxconsultancyundri.com/ Email us on 📧 nsconsultancy19@gmail.com ____________________________ ☎️For Consultation Book Appointment on Below Link Message NS Tax Consultancy-Undri on WhatsApp. https://wa.me/919913954249 Note : Write " Youtube" on whatsapp message. ___________________________________________ Disclaimer : Our videos are for educational purpose only, we are not responsible for any action which you have taken after watching our videos.