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Is the interest paid by the post office toward the post office monthly income scheme (POMIS) subject to tax deducted at source (TDS)?

April 26, 2017income Office paid pomis Scheme Subject tax

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Is the interest paid by the post office toward the post office monthly income scheme (POMIS) subject to tax deducted at source (TDS)?

1 Answer

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No, TDS is not applicable on the interest paid by the post office toward POMIS.