https://www.taxtmi.com/acts?id=4024 Deduction at source applies to payments of interest other than on securities: a person responsible for paying such interest must deduct tax at the time of credit to the payee's account or at payment, with de minimis exceptions based on prescribed thresholds, branch level computation rules for banks and similar institutions, specified exempt recipients and receipts, higher thresholds for senior citizens, turnover based exceptions for certain co operative societies, adjustment for prior deduction errors, and Central Government power to notify nil or lower deduction rates. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 16:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4024 Deduction at source applies to payments of interest other than on securities: a person responsible for paying such interest must deduct tax at the time of credit to the payee's account or at payment, with de minimis exceptions based on prescribed thresholds, branch level computation rules for banks and similar institutions, specified exempt recipients and receipts, higher thresholds for senior citizens, turnover based exceptions for certain co operative societies, adjustment for prior deduction errors, and Central Government power to notify nil or lower deduction rates. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4024