Notification No:110/2021

Scheduled bank has excluded member of schedule tribe residing in specified areas (below mentioned) from Tax deduction under section 194A on interest accrued i.e., Fixed deposit, Post office interest or deposit with bank* if the payment made or aggregate of payments made during the previous year does not exceed twenty lakh rupees.

The specified areas are:

  • Arunachal Pradesh
  • Manipur
  • Mizoram
  • Nagaland