Person Responsible to Deduct Tax: Post office
Category of Payee: Individuals and HUF
Rate of Deduction of Tax: 20%
No TDS: Amount of payment in aggregate not exceeding Rs.2500/- or payment is made to the heirs of the assessee.
Time for Deduction of Tax: At the time of the payment.
Time for Deposit of TDS
In case of deduction by or on behalf of Government, on the same day.
Other cases- within 1 week from the last day of the month of tax deduction.
1 Comment
I am 63 yrs of age. If I submit form 15H will tds be deducted at source if I withdraw the entire amount ( 1.5 lacs) lying at my NSS a/c in PO ?
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