Hon’ble FM Smt. Nirmala Sitaraman as a part of Atma Nirbhar Bharat Abhiyan has announced a reduction in TDS rates on non-salaried payments to Residents & TCS rates by 25% w.e.f. 14.5.2020.
In this regard, press release by CBDT is given below:
TDS TCS rates are reduced by 25%