You failed to mention what country you are in? That makes a big difference. You have already spoken to a tax consultant. Are we to assume you don't trust him, don't believe him, or think that you will find a better tax consultant on this forum?

I am from India and I came to this forum to seek another opinion as I am on doubt.

I am on 30.00% Tax slab and Have a Query on Interest from FD. With me being in 30.00% tax slab and deposited One lakh in FD and get 9,000 as Interst. The Bank automatically deducts 10.00% of the Interest for Income Tax.

I read in Internet that I am supposed to pay 3.00% of Rs.9,000 as Income Tax and Hence I suppose I need to pay remaining 20.00% to IT.. However, My Tax consultant says that I don't need to pay the additional 20.00% tax to Income tax. Can someone tell me if I should do or not?