Due to Covid 19, the Government of India had provided concession in the rates of Tax Deducted at Source (TDS) in the form of reduction in TDS rates by 25%. (i.e.,) Where the regular TDS is 10%, it is sufficient if TDS is deducted @ 7.5%.
This concession is available only till 31st March 2021.
W.e.f from 01st April 2021 , kindly note that the old rates will be applicable. (i.e,) TDS has to be deducted at applicable rates.
The rate of TDS for the Financial year 2020-21 is provided below :
