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Income tax · interest TDS

TDS on interest (194A) is on the chip

The personal tax chip is labelled TDS on interest (194A). Internal audit copy names section 194A on fixed deposits and loans. No rate is stated here.

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The internal audit services page says interest TDS under section 194A applies to fixed deposits and loans. Employee loan interest may have TDS under 194A when applicable on that page.

The FD interest and TDS in ITR chip names interest certificates and Form 16A on the filing page. Form 16A is the quarterly certificate for non-salary TDS, including interest where tax was deducted. Form 26AS shows the tax credit.

Deductor quarterly TDS return filing stays on the TDS return filing page. This chip page does not state a TDS rate.

What does internal audit say about section 194A?

The internal audit services page says interest TDS under section 194A applies to fixed deposits and loans. It also says employee loan interest may have TDS under 194A when applicable. This chip page does not state a rate.

Is this the same as the FD interest chip?

No. The FD interest and TDS in ITR chip names interest certificates and Form 16A on the filing page. This chip is TDS on interest (194A) and points to the same published copy about 194A and deductor filing.

Where does the credit appear?

Form 26AS shows the tax credit. The FD interest chip says the credit in a return should follow Form 26AS.

FD interest in ITRFiling documents Form 15G / 15HInterest TDS chip Filing deskReturn flow

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