Bank FD ya savings account se interest milna sabse common income source hai — lekin bahut log isse ignore kar dete hain ya sirf TDS ka wait karte hain। Sacha yeh hai ki TDS katta matlab poora tax clear ho gaya, ye sochna galat hai। Actual tax liability TDS se zyada bhi ho sakti hai — aur AIS mein bank interest dikh jaata hai, isliye chhupana practically possible nahi raha। Main baar-baar dekh raha hoon ki July mein ITR filing ke time ye common oversight AIS mismatch notice ki wajah ban jaati hai।
Is guide mein practically cover karunga — FD aur savings interest par tax kaise lagta hai, TDS rules kya hain, Form 15G/15H kab submit karein, ITR mein kaise declare karein, senior citizen specific benefits, aur common mistakes jo log karte hain।
Bank Interest Par Tax — Basic Rules
Bank FD interest, savings account interest, aur recurring deposit interest — teeno “Income from Other Sources” ke under taxable hain। Ye aapki total income mein add hoti hai aur aapke slab rate par tax lagta hai — koi separate flat rate nahi।
Savings Account Interest — Special Rule (Section 80TTA/80TTB):
- Normal taxpayers (below 60): Savings account interest par ₹10,000 tak Section 80TTA deduction — sirf Old Regime mein
- FD/RD interest par 80TTA nahi milti — ye sirf savings account ke liye hai
- Senior Citizens (60+): ₹50,000 tak interest (savings + FD + RD sab) Section 80TTB ke under — sirf Old Regime mein
- New Regime mein na 80TTA, na 80TTB — pura interest taxable
TDS on Bank Interest — Section 194A
| Category | TDS Rate | TDS Kab Katega | Annual Threshold |
|---|---|---|---|
| Normal Taxpayer (below 60) | 10% | Interest ₹40,000 cross kare | ₹40,000 per bank per year |
| Senior Citizen (60-79) | 10% | Interest ₹50,000 cross kare | ₹50,000 per bank per year |
| Super Senior (80+) | 10% | Interest ₹50,000 cross kare | ₹50,000 per bank per year |
| No PAN submitted | 20% | Threshold cross hote hi | Same threshold |
Form 15G aur 15H — TDS Se Kaise Bachein
Form 15G — Normal Taxpayers Ke Liye
Kaun submit kar sakta hai: Below 60 age, total income taxable nahi honi chahiye।
Kab submit karein: Har financial year ke shuru mein April-May mein, aur har nayi FD karte waqt।
Effect: Bank TDS nahi katega।
Warning: Agar galat 15G submit kiya (income taxable thi lekin form diya), to penalty lag sakti hai।
Form 15H — Senior Citizens Ke Liye
Kaun submit kar sakta hai: 60 saal ya usse zyada age, tax liability zero honi chahiye।
15G se difference: 15H mein income limit nahi — sirf tax liability zero honi chahiye (80TTB aur other deductions ke baad)।
Kab submit karein: Har saal April mein, har bank mein separately — ek bank ka form doosre par apply nahi hota।
2026 Update: Ab depositories (NSDL/CDSL) ko bhi 15H submit kar sakte hain — wo sab linked instruments ko forward karti hain।
ITR Mein Bank Interest Kaise Declare Karein
Step 1: Sab Interest Collect Karein
AIS download karein — incometax.gov.in → AIS section। Sabhi banks ka interest wahan dikh jaayega। Bank passbook ya FD certificate se also verify karein।
Step 2: ITR Form Choose Karein
Sirf salary + bank interest = ITR-1 chalega। Capital gains bhi hain = ITR-2 use karein।
Step 3: Schedule “Other Sources” Fill Karein
ITR mein “Income from Other Sources” section mein:
- Savings account interest alag line mein daalein
- FD/RD interest alag line mein daalein
- Post office interest alag daalein (agar hai)
- Dono add karne par total interest income nikaalein
Step 4: Deductions Claim Karein
Old Regime mein:
- Normal taxpayer: Schedule VI-A mein 80TTA — savings interest ₹10,000 tak
- Senior citizen: Schedule VI-A mein 80TTB — all interest ₹50,000 tak
New Regime mein: Koi deduction nahi — pura interest taxable।
Step 5: TDS Credit Claim Karein
Form 26AS mein jo TDS dikh raha hai, wo ITR mein automatically credit hoga। Verify karein ki sab banks ka TDS sahi reflect ho raha hai — missing TDS ke liye bank se contact karein।
Real Life Examples
Example 1: Normal Salaried Person — Multi-Bank FD
Rajesh ki salary ₹8 lakh hai। Teen banks mein FD hain:
Bank A: ₹38,000 interest (TDS nahi kata — threshold nahi crossed)
Bank B: ₹35,000 interest (TDS nahi kata)
Bank C: ₹22,000 interest
Total: ₹95,000 interest
Kisi ne bhi TDS nahi kata, lekin AIS mein teeno dikh rahe hain। Rajesh ko ITR mein ₹95,000 declare karna hoga — Old Regime mein 80TTA sirf savings interest par (FD par nahi)।
Tax at 20% slab: ₹19,000
Rajesh ne sochha tha TDS nahi kata matlab tax nahi — ye galat tha। Self-assessment tax pay karni padi।
Example 2: Senior Citizen — 80TTB Benefit
Sunita (68 years), sirf pension ₹4 lakh aur FD interest ₹72,000।
Old Regime:
Pension: ₹4L − SD ₹50K = ₹3.5L
FD Interest: ₹72,000 − 80TTB ₹50,000 = ₹22,000
Total taxable: ₹3.72L
Tax (Senior slab, ₹3L exempt): ₹3,600
New Regime:
₹4L + ₹72K − ₹75K SD = ₹3.97L → Tax ₹4,850
Old Regime clearly better। 80TTB ne ₹50,000 interest save kiya।
Example 3: TDS Excess — Refund Case
Mohan (28 saal) ka total income ₹3.5 lakh hai। Bank ne FD interest ₹55,000 par TDS ₹5,500 kata।
Taxable income New Regime: ₹3.5L − ₹75K = ₹2.75L — below basic exemption
Tax liability: Zero
TDS Cut: ₹5,500
Refund: ₹5,500
Mohan ko ITR file karni chahiye — tab refund milega। 15G submit karna chahiye tha pehle taaki TDS katta hi nahi।
Post Office Interest — Same Rules Apply
Post Office savings account, FD, RD, MIS (Monthly Income Scheme), NSC, Senior Citizen Savings Scheme (SCSS) — sab ka interest “Income from Other Sources” mein taxable hai।
Post Office Savings Account: ₹3,500 (single) / ₹7,000 (joint) per year ka interest Section 10(15)(i) ke under exempt hai — ye AIS mein bhi clearly separate dikhta hai।
SCSS Interest: 80TTB ke under eligible hai senior citizens ke liye — ₹50,000 limit mein include hota hai।
NSC Interest: Har saal accrue hoti hai aur taxable hai — physically receive nahi hua to bhi।
Common Mistakes
Mistake 1: Interest income ITR mein declare hi nahi karna
Solution: AIS mein dikh jaata hai — declare karo, tax pay karo ya refund lo — ignore mat karo।
Mistake 2: Multiple banks mein FD rakhna TDS avoid karne ke liye lekin ITR mein combine income declare na karna
Solution: Har bank mein individual threshold nahi crossed = TDS nahi kata। Lekin AIS mein sab dikh jaata hai — ITR mein total combined interest declare karna mandatory hai।
Mistake 3: Senior citizen hone par 80TTB claim na karna
Solution: 80TTB se ₹50,000 tak ka tax clearly bachta hai — ITR mein Schedule VI-A mein claim zaroor karein। Old Regime mein hi milta hai।
Mistake 4: Savings aur FD interest ko ek saath lump sum daalana — alag-alag nahi
Solution: ITR mein savings aur FD/RD interest alag-alag lines mein daalein — 80TTA sirf savings wali line par apply hogi।
Mistake 5: 15G/15H submit na karna eligible hone par
Solution: Har April mein form submit karo — TDS katne ke baad refund lena tedious process hai।
Useful Government Portals
Income Tax Portal: www.incometax.gov.in
AIS download (bank interest automatically dikh jaata hai), ITR filing, TDS credit check, refund status — sab yahan।
GST Portal: www.gst.gov.in
Agar business owner hain aur bank interest business account ka hai — GST compliance alag se maintain karein।
Kuch Common Sawaal
Savings account interest par bhi tax lagta hai?
Haan — savings interest taxable hai। Lekin Old Regime mein Section 80TTA ke under ₹10,000 tak (normal taxpayers) ya 80TTB ke under ₹50,000 tak (senior citizens) deduction milti hai। New Regime mein pura taxable।
TDS cut hone ke baad bhi ITR file karna chahiye?
Haan — agar total income basic exemption se zyada hai। TDS advance payment ki tarah hai — actual tax liability ITR mein calculate hoti hai aur difference refund ya additional payment hota hai।
Post Office FD interest par bhi same rule hai?
Haan — Post Office FD, RD, MIS, SCSS sab ka interest bank FD jaisa hi taxable hai। Section 194A TDS rules bhi same apply hote hain।
Agar bank TDS ka credit Form 26AS mein nahi dikh raha?
Bank se contact karein — unka TDS return sahi se filed nahi hua hoga। Bank ko request karein ki revised TDS return file karein। ITR mein TDS credit tab lein jab Form 26AS mein reflect ho।
Final Baat
Bank interest small amount lagti hai monthly, lekin saal bhar mein significant amount ban jaata hai — aur AIS mein clearly dikh jaata hai। Best approach hai har saal April mein AIS check karo, sab banks ki interest note karo, 15G/15H eligible hain to submit karo, aur ITR mein correctly declare karo। Senior citizens ke liye 80TTB ek powerful provision hai jo significant tax saving deta hai — ye miss nahi karna chahiye। Systematic approach rakho, notice se bachte raho।
Related Guides
- AIS vs Form 26AS — Practical Difference
- High Value Transactions Guide
- New vs Old Tax Regime 2026
- ITR Filing Process 2026
- Senior Citizen Tax Calculation
Written & Reviewed by: Vipin Goel
B.Com | 20+ Years Experience in Income Tax, GST & NRI Taxation
TaxPremia.com par main practical tax guides likhta hoon taaki aap apne bank interest aur any income ko sahi se manage kar sakein।
For more practical tax updates visit: TaxPremia.com
Disclaimer: Yeh article educational aur informational purpose ke liye hai। Tax rules time-to-time badalte rehte hain। Apna final decision licensed Chartered Accountant se consult karke lijiye।