5% TDS to be deducted on PPF withdrawals: Here’s what the new rules say
A 2 % TDS will be deducted from the account after the cash withdrawal is more than 20 lakh but less than Rs 1 crore. Also, 5% TDS will be deducted if the amount exceeds Rs 1 crore. Also if the cash withdrawal is more than Rs 1 crore, the income tax that will be given stands at 2% of the amount above Rs 1 crore
Mar 28, 2021, 15:23 PM IST