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TDS on pension payment by bank to non-employees

This query is : Resolved 
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(Querist)
28 January 2010 In the case of Pension Payment by Bank to non employees, is there any requirement on the side of bank to deduct TDS on the amount of pension Paid ?
If Yes - than under which section and at what rate ?

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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
28 January 2010 Normaly bank will not deduct TDS on these pension. They just sign a form from pensioner that he will pay his tax himself.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 January 2010 CBDT vide circular No. 771 dt. 3/11/98 says that in the case of pensioners receiving pension through nationalised banks, provisions of TDS are applicable in the same manner as they apply to the salary income.
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