Welcome to our support center

How can we help you?

When is TDS liable to be deducted?

TDS is to be deducted when the interest income earned exceeds ₹ 40,000 in a financial year for all resident assesses, except for resident senior citizens. In case of resident senior citizens, TDS is to be deducted when the interest income earned exceeds ₹50,000 in a financial year. Owing to current COVID-19 scenario, the timeline is extended, however the limit of Rs 40,000 and Rs 50,000 shall be monitored from Apr 01, 2020 to Mar 31, 2021.

To know more please click here