Income Tax - Reduction in rate of Tax Deduction at Source ( TDS) & Tax Collection at source (TCS) - 14 May 2020 to 31st March 2021

Government of India had reduced the rate of Tax Deduction at Source ( TDS) & Tax Collection at Source (TCS)  on the following items from 14 May 2020 to 31st March 2021 as follows :

1. Interest on securities, dividend, 
2. Interest other than interest on securities,
3. Payment of Contractors and Sub-contractors,
4. Insurance commission, 
5. Payment in respect of deposits under National Savings Scheme,
6. Payments on account of re-purchase of Units by Mutual Funds or UTI
7. Commission, prize etc., on sale of lottery tickets,
8. Commission or brokerage,
9. Rent for plant and machinery,
10. Rent for immovable property,
11. Payment of rent by individual or HUF,
12. Payment for Joint Development Agreements,
13. Fee for Professional or Technical Services ( FTS), royalty, etc.,
14. Payment of dividend by Mutual Funds,
15. Payment of compensation on acquisition of immovable property
16. Payment of Income by Business trust

Government of India Notification