This discussion clarifies that the reduced Tax Deducted at Source (TDS) rates, which were applicable for the financial year 2020-21 (ending March 2021), are no longer in effect for FY 2021-22 (ending March 2022). The reduced rates were specific to the previous financial year and do not extend to the current one.
19 April 2021
REDUCED TDS RATES FOR FY 2021-22 YEAR ENDING MARCH 2022 ===================================================== Reduction was allowed upto March 2021 Whether the same reduction will be allowed for the fy 2021-22 ( Year ending March 2022 )