National Savings Scheme withdrawal withholding requires tax deduction at a fixed rate above the prescribed threshold.

Section 393(3), Table Sl. No. 6, requires tax deduction at source on amounts referred to in section 80CCA(2)(a), concerning withdrawals under the National Savings Scheme framework. Any person responsible for payment must deduct tax at the time of payment where the amount exceeds the prescribed threshold. The deduction rate is fixed at 10 per cent, subject to a threshold of Rs. 2,500. A separate no-deduction exception is cross-referenced under section 393(4), Table Sl. No. 19.

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