No TDS on Interest Income upto Rs. 50,000 in case of Senior Citizens -CBDT

CBDT has clarified by issuing a notification  no. 06/2018 dated 06 December 2018, that no tax deduction at source under Section 194A shall be made in the case of Senior Citizens where the amount of Interest or the aggregate of the amounts of such income credited or paid during the financial year does not exceed Rs. 50,000.

To read the notification click here

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