New TDS and TCS Rates from 14.05.2020 for FY 2020-21

By | May 14, 2020
(Last Updated On: May 15, 2020)

New TDS and TCS Rates from 14.05.2020 for FY 2020-21

In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS) for  the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th  May, 2020  to 31st March, 2021:-

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