TDS on Bank Interest ₹50,000 — Section 194A
TDS under Section 194A (Interest (Non-Senior Citizen)): On a payment of ₹50,000, TDS @ 10% = ₹5,000. Net amount received = ₹45,000.
TDS Rate
10%
TDS Amount
₹10,000
Net Payment
₹90,000
Without PAN, TDS is deducted at 20% (Section 206AA). Rates: 194J: 10%, 194I: 10%, 194C: 1-2%, 194A: 10%, 194H: 5%. Salary TDS varies — shown as flat 10% estimate.
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Common questions about TDS on Bank Interest ₹50,000 — Section 194A
How much TDS on ₹50,000 under Section 194A?
Section 194A covers Interest (Non-Senior Citizen). TDS rate = 10%. TDS = ₹50,000 × 10% = ₹5,000. The payer deducts ₹5,000 and deposits with the government by the 7th of the following month. The recipient gets ₹45,000 but can claim the TDS credit in their ITR.
Can I claim TDS refund on Section 194A deductions?
Yes. TDS deducted under any section appears in your Form 26AS. When filing your ITR, if your actual tax liability is lower than TDS deducted, you can claim a refund. Submit ITR by July 31 for FY ending March 31. Refunds are typically processed within 20-45 days for e-filed returns.