The person responsible for paying to any person any amount from National Savings Scheme Account shall deduct income-tax thereon at the rate of 10% at the time of payment.
No such deduction shall be made where the amount of payment or the aggregate amount of payments in a financial year is less than Rs 2,500 .
The provisions of this section shall not apply to the payments made to the heirs of the assessee.
You need to be logged in to comment.
Check your GST numbers in bulk. Check unlimited GST numbers with very cheap packages.
No comments yet, be first to comment.