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TDS applicable on interest over Rs. 10,000 from FRSB 2020 & specified securities from Oct 1, 2024 as per Income Tax Act Sec 193 amendment.

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....Income Tax: Section 193 of the Income Tax Act is amended to allow deduction of tax at source when interest exceeding Rs 10,000 is paid on Floating Rate Savings Bonds (FRSB) 2020 (Taxable) and any other security specified by the Central Government. The amendment takes effect from October 1, 2024.....

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TDS applicable on interest over Rs. 10,000 from FRSB 2020 & specified securities from Oct 1, 2024 as per Income Tax Act Sec 193 amendment.