Without PAN, TDS is deducted at 20% instead of 10%.
Claim Section 80TTB
Seniors: deduct up to ₹50,000 of interest (old regime).
Tax rate—
Net in hand
Total tax
TDS-free Limit—
TDS Deducted by Bank—
Tax on Interest (incl. 4% cess)—
Net Interest in Hand—
Refund Due—
Good to know
Banks deduct TDS only when yearly interest crosses ₹50,000 (₹1,00,000 for seniors), per bank.
TDS is 10% with PAN and 20% without PAN, charged on the full interest once the limit is crossed.
TDS is not your final tax — your actual tax depends on your slab, so you may pay more or claim a refund.
If your total income is below the taxable limit, submit Form 15G / 15H to stop TDS.
* Estimate for 2026. Tax shown includes 4% cess at your marginal slab; surcharge for very high incomes is not included. Consult a tax adviser for exact liability.