TDS rates reduced by 25% till March 31, 2021: FM Sitharaman

May 13, 2020

New Delhi, May 13 (ANI): While addressing a press conference in Delhi, Finance Minister Nirmala Sitharaman on May 13 said that Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) rates to be reduced by 25% till March 31, 2021. These announcements by the Finance Minister are a part of PM Modi’s Rs 20 lakh crore special economic package, which he had announced on May 12 while addressing the countrymen.