Ans: If you see that the tax deducted is not the same as the tax payable by you, you can file income tax return and claim the excess as refund. The following are the ways in which you can claim TDS return on fixed deposits. · If your income is less than the minimum exemption limit, then you should submit Form 15G at the beginning of the financial year to let the bank know that your income doesn’t come under the taxable income slab. Hence, no TDS will be deducted on your interest income. · If even after submitting Form 15G, the bank deducts TDS on your interest income, then you can claim the excess TDS as refund by filing your income tax return.