Choosing TDS Eligibility or Ineligibility for 8 Postal Schemes | Tax Professional Blogs | Scoop.it
From blog.saginfotech.com - November 28, 2023 2:51 AM

The post office provides a variety of long-term and short-term investment options. It's important to note that not all of these programmes are tax-free. Some post office plans that pay interest are taxed, and no deduction is permitted under section 80C of the Income-tax Act of 1961. TDS is deducted from specific transactions only if the payment exceeds a predetermined threshold. If the sum does not exceed the predetermined threshold, no TDS is taken.