Whether rate of TDS are same or changed
This query is : Resolved
03 October 2020
I would like to know, whether there is any alteration of TDS rate or not. PLz do inform me.
05 October 2020
Yes, the TDS rate has been reduced by 25% w.e.f. 14.05.2020 till 31.03.2021 and it is applicable for non-salary payments, i.e. the relaxation is not applicable for salary payments.
Please do note that the reduced rate is applicable only if PAN of the deductee is available, otherwise normal provisions as laid down before would apply.
Please do note that the reduced rate is applicable only if PAN of the deductee is available, otherwise normal provisions as laid down before would apply.
06 October 2020
Thank you so much sir, from where shall I get the revised rate of TDS?
06 October 2020
Please find the PIB Press Release regarding the revised TDS rates at the following address:
https://pib.gov.in/PressReleasePage.aspx?PRID=1623745
https://pib.gov.in/PressReleasePage.aspx?PRID=1623745
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