• Galactic Advisors

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

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