Section 194EE: Payments in respect of deposits under National Savings Scheme, etc

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

Payments in respect of deposits under National Savings Scheme, etc.

The person responsible for paying to any person any amount referredto in clause (a) of sub-section (2) of section 80CCA shall, at the time of payment thereof, deduct income-tax thereon at the rate of ten per cent :

Provided that no deduction shall be made under this section where the amount of such payment or, as the case may be, the aggregate amount of such payments to the payee during the financial year is less than two thousand five hundred rupees :

Provided further that nothing contained in this section shall apply to the payment of the said amount to the heirs of the assessee.

Where this provision sits

Act	The Income-tax Act, 1961
Section	194EE
Marginal note	Payments in respect of deposits under National Savings Scheme, etc
Jurisdiction	Central
Status	Repealed

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