Reduced rates of TDS
Updated: May 14
As announced by the Finance Minister in her Aatmanirbhar Bharat speech, below are the reduced rates of TDS.
Note: There's a typo for Section 206C(1H), this should be read as 0.075% and not 0.75%
Points to note are the following:
All rates of TDS have been reduced by 25%
TDS on Salary remains unchanged
TDS on payments made to Non Residents remains unchanged