In tax year 2026–27, at what rate must tax ordinarily be deducted from interest other than interest on…
The applicable deduction rate is 10%. For interest other than interest on securities paid to a resident individual with PAN, the ordinary rate is not increased by surcharge…
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In tax year 2026–27, at what rate must tax ordinarily be deducted from interest other than interest on securities paid to a resident individual, assuming PAN is available, the payment exceeds the applicable threshold, and no exemption or lower-deduction certificate applies?
Answer and explanation
Correct answer A
The applicable deduction rate is 10%. For interest other than interest on securities paid to a resident individual with PAN, the ordinary rate is not increased by surcharge or health and education cess.
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Jammu & Kashmir and Ladakh SET (JKSET/LASET)