TDS on all Co-operative Societies (Credit, Housing) is applicable as under:
If the interest earned on deposit exceeds Rs.40,000 and a valid PAN of the Society has been submitted then TDS will be deducted for the FY 2020-21 as shown below.
| 01-04-2020 to 13-05-2020 | @ 10% |
| 14-05-2020 to 31-03-2021 | @ 7.5% |
If PAN of the Society is not submitted then TDS will be charged @20%.