tag:blogger.com,1999:blog-7036721709697976873.post7553987969745636505..comments2023-09-01T23:33:35.514-07:00Comments on SavingsFunda: How much TDS is deducted on Bank, Company and NRO Fixed Deposits?javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7036721709697976873.post-80819392713451794392018-02-22T14:30:24.973-08:002018-02-22T14:30:24.973-08:00Hi i had life insurance policy with ICICI prulife....Hi i had life insurance policy with ICICI prulife. They are now deducting 30.9% tax as they reckon my status has changed to NRI. I am actually an Australian citizen with Oci. I have deposited 500,000 as premium and early 170,000 as interest. What should be the correct tax I will pay and how much will I get in return. Is there a reciprocal tax arrangement with Australia.Anonymoushttps://www.blogger.com/profile/04698383422108090664noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-13870217028210326112017-06-09T04:19:10.640-07:002017-06-09T04:19:10.640-07:00Hello BritInd, bank open correct type of account b...Hello BritInd, bank open correct type of account because you can deposit your salary in Indian rupees only on NRO account. They cannot open NRE account if you get paid in INR. Regarding TDS, you can claim that while filling your income tax returns. javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-5189811429871055542017-06-09T01:43:20.029-07:002017-06-09T01:43:20.029-07:00I'm a British citizen with an OCI, living and ...I'm a British citizen with an OCI, living and working in India (resident), I pay taxes only here. When bank opened an account for me, they opened an NRO one which results in tds of 30% on the interest earned. Did bank open the correct type of account? If yes, how can I make the situation more tax efficient?BritIndhttps://www.blogger.com/profile/05005043739828630056noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-76223424067891298972017-06-09T01:37:48.670-07:002017-06-09T01:37:48.670-07:00I'm a British citizen with OCI living and work...I'm a British citizen with OCI living and working in India (resident, paying taxes here only. The bank opened an NRO account which results in 30% tds on the interest. Did the bank open the right type of account? If yes how can I be more tax efficient?BritIndhttps://www.blogger.com/profile/05005043739828630056noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-43156396125302672252017-04-18T18:00:53.363-07:002017-04-18T18:00:53.363-07:00Hello @Unknown, NRE fixed deposit is completely ta...Hello @Unknown, NRE fixed deposit is completely tax free i.e. you don't need to pay income tax or TDS on interest earned on NRE fixed deposit, hence it is not mentioned. javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-82691215728137671942017-04-18T14:23:51.967-07:002017-04-18T14:23:51.967-07:00what about NRE fixed deposit? nothing mentioned.what about NRE fixed deposit? nothing mentioned.Unknownhttps://www.blogger.com/profile/15361654018614466348noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-64656849710727282152017-03-01T04:36:27.794-08:002017-03-01T04:36:27.794-08:00To understand how to deduct TDS through home loan ...To understand how to deduct TDS through home loan firstly we need to understand the rules and condition of <a href="www.eserviceshelp.in" rel="nofollow">income tax rates</a>, which says that TDS on Property is to be deducted whenever the buyer makes any payment to the seller for purchase of property.Jewelry loverhttps://www.blogger.com/profile/00582528105810208852noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-31744425860062070472015-12-13T20:31:58.875-08:002015-12-13T20:31:58.875-08:00You can reduce taxes on NRO by using DTAA declarat...You can reduce taxes on NRO by using DTAA declaration form. The usual way of submitting form 15G or 15H will not work in case of NRO fixed deposits. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-83285217980520087522015-10-21T02:49:23.036-07:002015-10-21T02:49:23.036-07:00Fixed deposit is a very popular investment scheme ...Fixed deposit is a very popular investment scheme for everyone, but many people confused how much TDS is deducted, after reading this post I understand about TDS.Intraday Stock Tipshttp://www.epicresearch.co/equity/stock-tipsnoreply@blogger.com