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Whether TDS will be deducted on the interest paid on SCSS ?

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Whether TDS will be deducted on the interest paid on SCSS ?

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Ans : The tax will be deducted at source in respect of interest payable under SCSS. However, senior citizen can avail the facility of furnishing the form no. 15-H under income tax rules who is a resident in India and of the age of 65 years or more.

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