TDS threshold rationalization TDS provisions have various thresholds of amount of payment or amount of income, beyond which tax is required be deducted. It is proposed to rationalize these thresholds as below

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....provisions have various thresholds of amount of payment or amount of income, beyond which tax is required be deducted. It is proposed to rationalize these thresholds as below - S. No Section Current threshold Proposed threshold 1. 193 - Interest on securities Nil Rs. 10,000/- 2. 194A - Interest other than Interest on securities (i) Rs. 50,000/- for senior citizen; (ii) Rs. 40,000/- in....