CBDT clarification on threshold for TDS on interest by banks under Income Tax Act 2025
March 31, 2026
Income Tax
Banks not required to deduct TDS under Income Tax Act 2025 on interest income below threshold limit – CBDT clarification CBDT has issued a clarification on threshold for deduction of tax on interest income by banks or banking companies under section 393 of Income Tax Act 2025. Under …