Hi guys 👋 in this blog let's see how to deduct  the tax amount  that we are paying this is part 4 
In the interest on security the entire amount is subject to tax no taxes detectable in respect of interest receivable in respect of items listed in the provision example National Defence Bond held by resident individual National Defence loans taken from individuals National Development bonds of notified institution companies etc where interest on debentures payable to a resident individual by account pay check by a company in which the public are substantially interested does not exit 5000 during the financial year no taxes required to be deducted rates in case resident person other than company interest on debentures or securities issued by a local authority or crop established under a central state provisional at 10% in case of interest on listed debentures and in the case of artificial juristic person 10% domestic company 10% non resident person other company interest payable on money borrowed in foreign currency is more than other interest as per rate in force dividend introduced by finance act 2020 provisions where at domestic company distributed dividend to residential oldest reduction shall be made before distributing dividend or deemed dividend under section in the gross dividend RS 5000 rate rate of deduction provision as applicable for all accessories except individuals and whose business turnover does not exceed Rs 1 crore or use gross professional received does not exceed Rs 50 lakh tax need not be deducted if the total interest does not exceed 40000 in case of interest from banking companies post office if the recipient is a senior citizen with 50000 into stuff all branches of the same bank except that limit so that has to be deducted at source from financial year 2015 to 2016 any interest paid on compensation award at by the motor accident client Tribunal is also covered under this provision tax need to be detected only if the total interest exceed Rs 50000 that is taxes detected If the amount direct cable on any income by way of winning from any lottery Crossword Puzzle card game and games of any other short tax need to be director at the time of payment where the price is in kind market value of such an article will be taken to be there winning and attacks has to be recovered from the recipient. 
Thank you 😁 
Keep supporting!!!
Meet you soon with another blog!