Reduction in TDS and TCS Rates by 25% – A Big Enhancement to Liquidity upto Rs. 50,000 Crores

Vide various relief measures announced by Hon’ble Finance Minister of India, Smt. Nirmala Sitharaman Ji on 13th May, 2020, one such relief is Tax Deducted at Source (TDS) rates for all non-salaried payment to residents, and Tax Collected at Source (TCS) rate will be reduced by 25 percent of the specified rates for the remaining period of FY 20-21. This willprovided liquidity to the tune of Rs 50,000 Crores. 

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