TDS on FDR

Querist : Anonymous (Querist) 05 July 2010 This query is : Resolved
The Bank FD Matured. The Amount was Rs : 500000/- Interest was Rs : 25000/-, The TDS Was 10% what is the Journal Entry for this.

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A V Vishal (Expert) 05 July 2010
CASH/BANK A/C.....Dr 5,22,500
TDS ON INTEREST...Dr 2,500
TO FDR 5,00,000
TO INTEREST ON FDR 25,000

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