Bank interest on time deposits escapes 194A TDS up to what yearly amount for a non-senior citizen?
ARs 40,000
BRs 1,00,000
CRs 50,000
DRs 10,000
Answer & Solution
Correct answer: C. Rs 50,000
The limit for interest paid by a bank on time deposits is Rs 50,000 a year for ordinary depositors.
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