TDS TCS rates are reduced by 25%

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:

Source: Income Tax website
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