Revised TDS Rate Chart For Financial year 2020-21 (Effective May 14, 2020)
Revised TDS Rates Chart Covid has left the entire world in a panic situation. Government is announcing bunch of measures to pump liquidity in the market. Through Press release on Revised TDS rates post Covid on May 13 th , 2020, CDBT announced Revised TDS rates and TCS for certain sections. Please do note that all sections rates are not reduced. For the benefit of our readers, we have summarized complete revised TDS Rates applicable for FY 2020-21 (AY 2021-22) effective May 14 th , 2020. (COVID TDS Rates). New TDS Rates For Assessment year 2021-22: TDS Details Reduced TDS Rates (in %) (AY 2021-22) effective May 14 th , 2020 Earlier TDS Rates (in %) (AY 2021-22) 1 where the person is resident in India- Section 192 : Payment of salary No Changes Normal Slab Rate/New Reduced Slab Rate Sectio...