US EditionNo TDS for senior citizens if they withdraw from NSS instruments
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No TDS for senior citizens if they withdraw from NSS instruments
Kolkata: Senior citizens have now been assured of no TDS (tax deducted at source) by CBDT (Central Board of Direct Taxes) that there will be no tax deduction at source when they withdraw from NSS accounts and this will be applicable to NSS withdrawals on or after April 4, 2025. The CBDT notification followed confusion prevailing among senior citizens about the matter. While placing her Budget in 2025, finance minister Nirmala stated no TDS will …
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