05 October 2020
Yes, the TDS rate has been reduced by 25% w.e.f. 14.05.2020 till 31.03.2021 and it is applicable for non-salary payments, i.e. the relaxation is not applicable for salary payments.
Please do note that the reduced rate is applicable only if PAN of the deductee is available, otherwise normal provisions as laid down before would apply.
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