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<h1>TDS exemption: no deduction required on interest, dividend or other income payable to Government or specified exempt entities.</h1> No TDS is required on sums payable by way of interest, dividend on securities or shares in which the recipient has full beneficial interest, or on any other income accruing or arising to the Government, the Reserve Bank of India, tax-exempt corporations established by or under a Central Act, or specified Mutual Funds.