POSTED BY May 19, 2012 5:32 pm COMMENTS (7)ON
I fall in 20% tax bracket. I had a 94 DAY,15 lac FD in HSBC NRO which matured in March 2011.
I was an NRI till 2009-2010 FY. One month before the FD matured, I had visited the branch and converted my status and sacing accounts from NRE/NRO to Resident. My Form 26AS shows that the interest on 15 lac FD and interest from savings account has been deducted at 30.9%. Wheres as all my other bank accounts deduct TDS at 10%.
I also checked my profile online on hsbc.in and they have record of my PAN Number.
Any idea why they deducted TDS at 30.9% and what should I do?