Amendment to Section 194EE: TDS Rate for National Savings Scheme Deposits Reduced from 20% to 10.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Amendment of section 194EE. - TDS - any payment in respect of deposits under National Savings Scheme, etc., shall be liable for tax deduction at the rate of twenty per cent. in case such amount exceeds two thousand five hundred rupees. - It is proposed to reduce the said rate of tax deduction from twenty per cent. to ten per cent.....