Income Tax on Interest Income 2024 - FD, Saving Account, RD Interest Tax and TDS Rules 2024

Income Tax on Interest Income 2024 - FD, Saving Account, RD Interest Tax and TDS Rules 2024
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In this video, we have discussed about income tax tds rules on interest income. Interest income may arise from saving account, fixed deposits, recurring deposits or any other deposits.
Topics covered in this video
interest income itr filing
fd tds return filing online
15g-15h kya hai
tax on fd interest
fd interest taxable or not
tds rate on fd interest
tds refund kaise hoga
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#BankingBaba

[@BankingBaba]

Get Income Tax Calculator - rzp.io/l/calculatorBB File ITR with help of Professionals - rzp.io/l/itrfilingservices Join Telegram for free Calculators - t.me/bankingbaba

[@arunkd5218]

You are paying tax for those 80 crore peoples who are getting all benefits from your tax money while you don't get nothing from govt..... 😢😢😢😢

[@CadetRaaj]

Not only this ,corporate sector's income tax was reduced from 30% to 22% in the year -2021 .Even hard earned limited pension of people is being taxed.

[@itsnirmal]

LoL! Every citizen of this country giving tax wheather it's direct tax or indirect tax.

[@Ipl_shorts_06]

Right now no any people get any benefits only Modi ji live like a billionaire 😂 with your tax's money 🤑🤣🤣 Food- not below mashroom Vehicle - not below rolls Royce House - make parliament in thousand crores Invest your taxes money in his friends business 😂 Taking air services with his personal charter plane for world tour 🤣🤣 Mera kya apun to gareeb h Mera mahina ka 700 tax bnega 😅

[@commonnonsense9732]

salaried class is the one suffering the most... we are paying income tax, and tax on each and every service/commodity... and getting only substandard products and facilities

[@debarshidutta349]

Ever heard of the term called income tax? Do u know what it is? 😂😅 ? Freebie taker ​@@itsnirmal

[@luizachristian1411]

SENIOR CITIZENS ABOVE 60 YEARS SHOULD BE EXEMPTED FROM TAX

[@asheeshrai6539]

8

[@aijazkhan9995]

जब बैंक अपने आप पैसे काटती है, तो रिफन्ड भी अपने आप ही क्यों नहीं देती, पूरी डिटेल होती है उनके पास, अनपढ गरीब ,ना ही ये प्रोसेस कर पायेंगे, और ना ही पैसा ले पायेंगे

[@ankitkalbande2772]

Bhai tumhari baat sahi hai...

[@satyaranjanpatel]

Ye government ka order hai kaat ke Income tax department ko dena. To bank refund kaise karegi

[@satyaranjanpatel]

Refund Income tax department karegi jiske pas hai and nhi katwana hai to Government ko bolo

[@STAYPLAYGAMING]

Saving ac se 9000 aur fd se 38000ka interest mil rha hai kya tds katega ( no senior citizen)

[@jitendrapillaii]

​@@STAYPLAYGAMING TDS katega ya nhi katega ye Bank ki problem hai. (On interest) Apko itr file krna hai 26AS check krna TDS ki information mil jayegi kata hai ya nhi AIS - Isme apko kitna interest mila hai or other information mil jayega like salary income, TDS/TCS, Share etc. Ye apko ITR mein report krni hai. Income apko basic examption kam rahega toh. Kata hua TDS bhi refund ho khaskr ITR 1 case main

[@sandeepsaraswat2621]

बहुत ही सुन्दर तरीके से जानकारी दी आपने इतना सरल खुलकर कोई नहीं बताता

[@vasantpatil5848]

सर ,आपसे बहुत अच्छी जानकारी हमको प्राप्त हो गई. धन्यवाद!

[@amitsinha7728]

क्या मोदीजी, अमित शाह, निर्मला जी खुद से अपना ITR भर सकती हैं? फिर आपलोगों ने एआम जनता के जीवन को इतना complicated क्यूँ बना रखा है। 2014 में जनता ने इसी के लिए आपको वोट दिया था।

[@skggupta9944]

Inhone khud ko income tax say bahar rakha hai. Khud ko tax bharna nahi hai aur old pension lekar middle class par burden daalna hai.

[@kamalkisku5242]

Sir aapne Bahut clearly TDs ke bare mei samjhaya.. Very very thanks

[@ankitkalbande2772]

Bhai aapke is video se bhi muzhe kafi sari kaam ki info mili thank you.

[@runn..]

Middle class ko dubane me lagi he FM taayi.. koi relief nahi

[@gururajbhat3538]

First of all inflation rate is more than 7%(not actual again). If this inflation swallows your interest of 7%on FD. This means, you are saving money in bank without any gain. Again if TDS is deducted from your pocket. In such condition who will save money ?Now middle class people stopped savings because bank returns are nil.

[@pushpendrasingh-kg7ie]

Right

[@hanumantgaikwad1307]

Very right.

[@fardadfi]

Rubbish FM and PM. Must be removed

[@IshwarSingh-hd1lt]

Your way of teaching regarding income tax is very nice sir ji

[@rajenderpathak1033]

कृपया एक वीडियो बनाए जिसमे इनकम पेंशन, ब्याज और कंसल्टलटेंसी से आ रही हैं।

[@ashishjisrivastava1303]

Thanks...you explained very well

[@BankingBaba]

Glad it was helpful!

[@bittusaini1969]

ਬਹੁਤ ਵਧੀਆ ਜਾਣਕਾਰੀ ਦਿੱਤੀ ਸਰ ਜੀ

[@bojackhorseman7493]

Very nicely explained. Keep it up!

[@n.s.k.8253]

Thank you so much... Crystal and clear explanation

[@aijazkhan9995]

अगर 50 हजार एफडी इन्टरेस्ट में से 10 हजार पीपीएफ में डाल दें तो क्या टीडीएस फिर भी कटेगा

[@Unknown-sv9fi]

Income tax law aisa banao ki samne wala asano se samjh hi na paye 😅

[@DurgeshGamerz-cv3hl]

Sahi bole Bhai income tax ke itne rule hai ki पढ़ा लिखा इन्सान भी जल्दी नही समझ पायेगा तो गरीब लोग कैसे समझेंगे

[@carramboardlover938]

Sab game chal raha h vai😄

[@debarshidutta349]

Kisaan dalit gareeb sabka income tax kaato. Bina income ke toh rahenge nhi ye log. Aur saal ke 2.5 lakh se upar definitely hai in sabka income Jisko jisko tax samaj nhi aata Tax dena shuru kr do Samaj aa jayega😂 Dusre ko aur bhi saral bhasha me samjha sakoge 😂😂

[@Unknown-sv9fi]

@@debarshidutta349 uttam vichar par ye lekar janta mein gye toh laat padegi meri maano bhag lo 🏃

[@debarshidutta349]

​@@Unknown-sv9fi Bhai ab Aisa hai ki janta ko ham income tax payer paal rhe hai.. Kya kr rhe hai? Paal rhe hai.. samjhe Babu? Unko Jo mil rha sab mere income tax aise ka hai. (income tax payers k paise se) Aur Malik ko naukar kuch bol de... Hahahha. Hasa diye . Nice 😂

[@agambasal7838]

Thanks For Your Kind Information.

[@mohit12795]

Very informational video

[@arunvyas773]

Agar financial year ke 6 months before FD banayi ₹600000/- ki with 8% pa To yearly interest ₹48000 honga but but use Financial Year me ₹24000 to tds nahi katna chahiye according to Income Tax and TDS rules. Can you clarify that.

[@shraddhajagtap9199]

NRI ke income par kya tax lagata hai or TDS calculation pe video banavo plz

[@nageshkumarmk5487]

@banking baba, Sir, I am from Karnataka,i can understand little hindi but based on your video it is understandable about tax and tds on FD, where it exceeds 40k we need to pay TDS AND adition lal tax for the amount as per tax slab,but questions is if my FD or RD getting matured in next financial year how they calculate tax or tds

[@piyushkumar-me1nb]

In new tax regime Even if interest is less than 10 k, we need to pay tax?

[@prabirdas5961]

Thank you sir🙏

[@bijayakrushnamohapatra9752]

Sir , Pan aadhar inoperative se TDS cut Gaya. ITR file ke bad return ayaga.please tell me

[@kabirsingh7652]

Sir plz crypto tax TDS ke baare m full video bna deo kese bharna h etc ..

[@biswaoram6630]

Sir jee, achha laga. Thanks.

[@AmitSaha-lb4um]

Very informative video👏👏Please tell me under what conditions someone would opt for a new tax regime whereas he is getting a standard deduction of 10000 by opting 80TTA. Is there any benefit to opting for the new tax regime? if not then please explain it's relevance.

[@hemantsir6451]

Nice information thank you sir

[@basudevswain9233]

Sir post office kvp par tax lagega kya agar lagega toh 10sal mein gitns interest mila sabka ek sath tax denapadega?

[@saintchristopher8228]

❤❤❤Days are not far when Each and Every Millionaire will leave this country....❤❤ Because paying Tax in this country is like doing a Charity with No service in return of our Tax..... ❤❤With such a Strict Vigil of Tax Authority.... Nobody (Rich) will prefer to live in this country ❤❤❤

[@manjeshwarvenkatesha4542]

Dusra country me isase jyada hai.

[@saintchristopher8228]

@@manjeshwarvenkatesha4542👉 लेकिन दुसरे देशों में टैक्स के बदले में बढ़िया और अच्छी सर्विस मिलती है... यहां खाक मिलता है... चारों ओर सिर्फ गाय गोबर और गन्दगी के ढेर ही दिखाई देते हैं 🥲🥲

[@ST-ju6qu]

​@@manjeshwarvenkatesha4542Par wahan par Government se kitni facilities bhi multi hain.....ham are desh mein Government se kuch nahi milta 😢

[@amit9023]

U r doing any charity.. U r earning here bcoz of people of this country.. System of this country.. U become millionaire in this country.. Then leave .. Bcoz u r selfish..

[@sikhtraveller8860]

Its like u will own nothing be happy koi country safe nahi rahegi greedy dogs

[@KamalAggarwal-vs8cp]

Surprising to note only. 0.65% public paying money .....all others enjoying ....many rehri, frhie ,khokhey vaaley earning manifold of class A officer's salary ...claiming them to be poorest of poor

[@SocialSciencebyDheerendraSingh]

Very good analysis 👍 👌 👏🏿

[@rajpal7959]

Nice explanation

[@mohit12795]

How to save or avoid tax on FDs interest??

[@bhaveshsing3101]

Best video 👌👌👌👌👌👌👌👌

[@mohdishtiyaq5449]

Thanks

[@rahulteja7761]

10:24 5 lacs ki jyada income means? jo fd aur savings account me principle amount hota hai wohi?? /usko milakar?? please reply dijiye.

[@gauravagrawal4706]

Interest income not principle

[@mampidas8403]

Post office FD pe TDS katenge per year to maturity pe kya mujhe alag se fir se interest pe tax dena hoga? Mera income 5lakh per year se jyada hai. Pls ans.

[@monikagupta3191]

Very informative

[@vinodyadav-cl3cy]

Ek hi branch mein ek normal savings account and other pmjy account open kra sakte hai?

[@AkhileshGupta-ky5ef]

Super

[@Diamondtech120]

Nice video

[@tarun9317]

Sir agr saving interest 5000 se jyada ho Jaye to itr bharna jaruri hai??

[@user-nl8mi1zy4w]

Sir crypto me tds kata hai toh itr barne ki limit ya slab kya Hai please make video

[@ravindrakumar3087]

Sir har saal 2 lakh jma kre fir 10 lakh ho jaye 4 5 saal me fir bhi income tax lagta h kya

[@vidhyadharsansare7278]

Thanks🙏 information Super Senior citizens k aTax arules ka link April 2024 Dena plz?

[@jasbirsingh9863]

Sir mera to 20percent tds Kat liya Maine 15g b fill kiya..kyunki pan aadhar se link nhi h and ITR b tabhi file karsakte h jab pan adhaar link ho

[@ariffazlani1268]

जिनकी उम्र ६० साल के ऊपर है उनका भी t d s कटेगा क्या

[@naveenkumarnigam7657]

हां।

[@CatsMakeFamilyComplete]

You did not explain about interest income from RD. Please share link of video if you have discussed. Thank you

[@GurmelSingh-qx8er]

Procedure Of Income Tax Should Be Very Simple And Easy.

[@SantoshKumar-nm1hd]

Thank you

[@Raj-xk6ko]

Your title description is very disturbing and incorrect....

[@punnupanjoria9538]

Sir ji SBI main FD per 37112 interest Diya hai. Per uspar bhi sbi bank ne TDS kat liya hai . Jab ki aap ke anusar 40,000 intrest par no TDS. Kiya karen. Pl advise me. .. Kiya karen. Pl advise me

[@pnaik096]

Finance ministry ko chahiye income tax ko jitana ho sakecomplcated kare taki IT payer ko sahi chij malum na ho sake.

[@user-lv6ow6ye7k]

There should be no income tax on interest on fd or savings because govt is using your saving for giving loans to other people and taking profits from interest from loan amounts.

[@shabee1760]

It's better to bring Congress only because how many ddle class will live....those who are relatives of ministers and members they will live a happy life but what the normal people do when they adjust some savings and do investment..

[@user-zq3zw2ql4q]

Congress kecwaqt sirf 1 lac rupiya bank account mein insured tha...Modi ne wo seema 5 lac ki hai

[@pandurangaprasad287]

Hi sir if I get 6000 interest from post office with MIS then how much I need to pay

[@Acapellaaaajxjxnxnnxn]

Sir can I put a home loan money on fixed deposit ?? Bank and income tax won’t create any issue right?

[@dsr9329]

मेरी जानकारी के अनुसार form 15g तभी जमा कर सकते हैं जब income पुराने itr formके अनुसार 2.5 लाख व new itr form के अनुसार3 लाख हो, समझाने की कृपा करें।

[@MayankSharma-gm5ze]

HI Sir, one of my 5Y FD interest is getting reflected in the AIS,, the FD is still valid till 2026. shall i exclude the interest amount from income from other sources?

[@seemagrover4228]

Below 5 lacs per annum then make vedio on that from all sources obviously

[@smitaghia443]

Will affect sr. Citizens badly as they don't earn but live on FD , S B a/c interest..

[@Voyager852]

I have break FD so only interest will come under income slab or full amount with principal.pls reply

[@jagdishgokani2800]

Please send senior citizen link

[@TrueWordLov]

Salary account me 14lacs pade hain? Khali karna chahta hoon a/c kya karu bhai...tis me intrest total 137735hai+ salary 691580 hai kitna tax bnega refund hoga itr bharne par????

[@itsmeridhika1008]

Bhaiya ...Maan lo meri koi income nhi hai bus mere account me 40k savings hain aur bus us me se mujhe 20k ki FD karwani ho to kya karwa sakte hain?

[@sandeeppatel6960]

Yes u can

[@leenasharma9982]

House wife's ko Nhi income tax Dena padta h... Kya?please reply... I'm so confused

[@sandeeprawat8475]

MF pe 30 %TDS lagega, speculative income ke andar aya

[@janrajsingh1123]

Agar meri ek saal ki income 10 lakh hai aur maine alag se ek fd karwi hai jisla annual interest 20 hazar hai to fr meri total income 10lakh 20 hazar mani jayegi aur tax 10 lakh 20 hazar pe dena padega

[@dipbiswas9012]

I have mistakenly forgotten to show my interest from saving bank account in my ITR file, will there be any problem? My annual income is 350000

[@skybaba75]

Bhai aab to 7 lkha tak pe txs nahi lagat

[@leenasharma9982]

Please iska Matlab bataye koi... Fd m tax waiver availed or tax waiver not availed ka Kya Matlab h

[@yugambirds1151]

Bhai mai single monther hu , monthly income meri 18 k hai , Kya mai 2lac ki fd 10 saal k liye karaun aur 5k ki RD 2 saal k liye karaun to tax ya tds kat sakta hai ? Aur maximum fd aur Rd kitne amount ki Kara sakti hu? Reply jarur karein pls videos dekh k b mera doubt solve ni hota , kindly help me in it.

[@rajudhume7412]

Housewife ke naam per agar FD Kiya to income tax kab cut hoga ?

[@rameshtikutla5917]

Employee ka Annual income 14 Lakh hai,And 10 Lakh FD hai ,tho Form 15G De sakte hai kya?

[@BankingBaba]

Ye krna galat hoga. And Ek hi bank me FD hai toh, bank accept bhi nhi krega form,

[@musicrocksvideos1234]

5 lakh ke vyaj pe kitna tax dena padega

[@user-yx8om6xb3h]

Nice,Assam

[@madhuagnihotri568]

Why amounts in 26as and form 16 do not match?

[@vijaysankhala6188]

गलत बताया भाई जब fd इंटरेस्ट45000 होगा तब 10% 45000 पर नही जबकि 5000 पर होगा जो कि 500rs होगा। 40000 तक फ्री है इससे ऊपर जो अमाउंट होगा उस पर 10% लगेगा

[@jitendrachaudhari1436]

Saving bank account ka interest new regime me 2023-24me batana hai?

[@sureshjaipuria1395]

Pls Do not say income upto 5 lakh is exempt from any source. This is not true in the old regime. If your income includes Long term capital gains say u/s 112A and even if total income is below 5 lakhs , your income will be taxable under old regime of taxation. This is indeed unfair, when the government loudly claims that income upto 5 lakh is fully exempt.Income is income be it from shares u/s 112A or otherwise . Even if the whole of the income is from shares then whether thru Rebate u/s 87A or otherwise ,it is the govt.s job to find out the ways, to validate its claim that it is indeed so, from any source whatever it may be.

[@manojgail]

Income Tax will be counted on Accrued interest or Paid Interest on FD?

[@BankingBaba]

On accrued interest

[@adventureandtourblogger1680]

Sir meri fb ka intrest 3 lakh bann raha hai saal ka oorr saal ki salary 3.15 lakh bann rahi hai toh mera 15 g farm lagega ya nhi oorr mujhe intrest pe kitna tax dena hoga

[@shishupalkumar1657]

Sir agar mai 5 lakh ke below itr file karta hun or mujhe felxi deposit or auto sweep se 25000 ke lumsum interest aaya hai dono banks se to kya mujhe v , interest pe tax dena padega, please answer me

[@user-hk2xe4hy6u]

If your income is below 5 lacs then not taxable but you will have to file an itr

[@shamalabhalachandra1273]

What is old and new tax

[@user-ur4xo8uz1n]

Hello Sir, m 47 years aged unmarried women living with my senior citizen parents .kindly tell me how to invest wisely Rs 30 lakh for the benefit of my parents and for myself ??? Which one schemes would be gud for my 75 years old parents.They don't have any source of income. Post office/ Banks or RBI ki schemes/ FD , mutual fund ?????? Which one would be best ??? Plz tell

[@jagdishbisht31]

Mtlb agar hum 3-4 banks m fd kare to tds nhi katega?

[@BankingBaba]

Correct

[@user-sh8bi7ec4q]

Passioner walo ka income tax kta hai ki nhi.? please make video.

[@dilipdhar7320]

T [D] S: tds dedicated?

[@janardhenreddy-kt2nh]

You are not mentioning about senior citizen discount

[@AG-sf7rr]

We don't even get water for use...woh bhi garibo aur amiro ko milta hain... Tanker ke paise alag se doo.... Gormint squeezing money from middle class only😊

[@bimanmahato5789]

Is tax free amount of fd interest come under exempt income?

[@BankingBaba]

Who said FD interest is tax free ?

[@vartikasharma2536]

Senior citizen,with no income , but FD ka intrest approx 70k hai toh TDS kitna kdega ? And kya form bharna pdega

[@BankingBaba]

Tds rate is fixed 10%, if pan card is submitted in bank. 7k in your case. Form 15H fill krke submit krwa do bank me fir aage se TDS nhi katega

[@vartikasharma2536]

@@BankingBaba Es bar katega form bharne ke bad b? And kitna katega ? 40 ke upar kat rhe h

[@vijayahari8306]

Jb adami income se saving krta he income pr already tax diya he to br br saving k name pr tax kyu tax liya jata he

[@SourabhSoniVlogs]

Idfc first bank wale bole ki saving account interest me bhi tds lagta hai

[@biswajitpradhan6772]

post office fd par tds kat ta hayy ki nahi....

[@bimanmahato5789]

Is it mandatory to be shown the interest amount beyond Rs 40000 of fd in itr1?

[@BankingBaba]

Mandatory for even 1 rupee

[@bimanmahato5789]

Less than Rs 40000 of fd interest is tax free amount. So, under which section or part do I fill it in itr1?