You can stop banks from deducting TDS on your fixed deposit interest—if your total income is below the taxable limit. Banks usually deduct 10% tax (TDS) if your FD interest is more than Rs 40,000 in a ...

If it is basic exemption limit then a senior citizen may not be able file form 15H under the old tax regime if his expected net taxable income is above Rs 3 lakh. Similarly, under the new tax ...