Regarding 15g

[Mayur]

I have account in SBI and I submitted 15g form now tds will deduct on FD intrest and Auto sweep intrest...?
Please tell me...

 

[nikhilchauhan]

Can you be a bit more specific about what you are asking? Like what is the amount of interest that you get from FD. Also, the Auto Sweep Facility is also enabled or not

 

[anuragmukherjee28]

this video will help you to clear all the doubts, please watch it

 

[Mayur]

Can you be a bit more specific about what you are asking? Like what is the amount of interest that you get from FD. Also, the Auto Sweep Facility is also enabled or not

Okay Auto sweep is enabled and total intrest from fixed deposit is around 60k.

 

[arjungoyal12]

The tax limit on FD is Rs 40,000. You can save by filling 15G form but your taxable income must be less than 2.5 Lakhs. Then only you can save tax on this 60% interest. Otherwise, you might have to pay 10% on the interest of fixed deposit