ParticularsSection No.Threshold Limit No TDS from interest other than on security paid by banking or co-operative society engaged in carrying on the business of banking194A AIf the amount of interest paid or credited on time deposited during an FY exceeds Rs. 10,000 (for all) & Rs. 50,000 (60 years+) – from 1-04-2018 if the payee is resident Indian
w.e.f. April 1, 2019 – the threshold limit has increased from Rs. 10,000 to Rs. 40,000
Now that you know how TDS on Fixed deposit is calculated and TDS on FD interest limits, you can calculate it easily.