Is TDS deducted when Interest earned from of all the savings bank account exceeds 10,000 INR but interest from each bank is less than 10,000 INR ?
How much TDS will I have to pay for an RD account giving me interests of 10500 INR in a year ? Would it be 10 % on 10500 or 10 % on 500INR -LRB- 10500-10000 -RRB- ?