TDS on payment of accumulated balance due to an employee

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Full Text of the Document

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....52. The existing provisions of section 192A of the Act, inter-alia, provide for deduction of tax at the rate of 10% of the taxable component of the lump sum payment due to an employee. Further, no deduction of tax is to be made where the amount of such payment or the aggregate amount of such payment to the payee is less than fifty thousand rupees. 2. The second proviso to section 192A of the Act ....