What are the rules of TDS deduction in Senior Citizens’ Savings Scheme

The Government of India has amended Section 194A of the Income Tax Act, 1961, and as a result, the total interest income payable in a Financial Year for all SCSS account holders under the age of 60 has been revised from Rs. 10,000 to Rs. 40,000 for the purpose of TDS deduction.

from Tax-Wealth-Economic Times https://ift.tt/3lIW0Vf