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[Section 194EE]
Payments in respect of deposits under National Savings Scheme
(1) Rate of TDS
The person responsible for paying to any person any amount from National Savings Scheme Account shall deduct income-tax thereon at the rate of 10% at the time of payment.
(2) Threshold limit
No such deduction shall be made where the amount of payment or the aggregate amount of payments in a financial year is less than 2,500.
(3) Non-applicability of TDS under section 194EE
The provisions of this section shall not apply to the payments made to the heirs of the assessee.
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