No TDS on Interest from Specific Post Office Deposit Schemes per Section 194A Notification S.O.72(E).

The Central Government, under clause (vi) of sub-section (3) of section 194A of the Income-tax Act, 1961, has issued a notification stating that tax shall not be deducted at source from interest credited or paid on specific deposit schemes. These include the Post Office Recurring Deposit Account, Post Office Time Deposit Account (for one to five years), Post Office Monthly Income Account, Kisan Vikas Patras, National Savings Certificates (VIII issue), and Indira Vikas Patras. This notification is identified as S.O.72(E) and dated January 24, 1992.

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