Will my account balance, held till 31 March 2023, also get affected? No. Don't worry; your account balance holdings before 1 April 2023 will not incur a TDS deduction as per the new update. In case you need any further help, contact us here. Related articles How is TDS calculated? Is TDS applied if I have net losses? How can I check all transactions and TDS-related details? Is there any threshold amount above which the TDS will be deducted? Is there any TDS if I don’t withdraw money in the entire financial year?