All about TDS

TDS means tax deduction/deductible at source. This means that the authority responsible to make a payment to other party is required to deduct tax (at applicable TDS rates) and the deducted tax is to be paid to the government. 

When TDS is not applicable means, the authority making payment is not required to deduct any tax (TDS) and the entire amount will be paid to the other party.

And the individual receiving this money is required to include this money also in the total income for that FY and is required to pay taxes as per the tax rate/slabs. If the total income is lower than the taxable income (after allowing for exemption/deductions) then the assessee is not required to pay any tax.

In simple terms it's required to be included in taxable income and the banks will not deduct any TDS.

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