Tds on accidental compansation with interest

WE ARE TO MAKE PAYMENT NEARY 8 LAKHS TO THE DEPANDANT OF AN EMPLOYEE WHO DIED IN OUR WORKING PREMISES. WHETHER TDS IS APPLICABLE ? UNDER WHICH SECTION?

Replies (4)

TDS is required to be deducted only on the interest portion of the compenstion that too only if exceeds Rs. 50000/-

Tds is not applicable .........
Tds is not to be deducted....
Tds is not to be deducted....

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