Yes. As per the new Govt. Tax (TDS) law, effective 1st April 2023, TDS will be deducted at 30% of your taxable amount at the time of withdrawal.
Taxable amount is defined as the difference between your withdrawals and deposits. Here's how it's calculated:
Note: A, B and D are calculated for this FY i.e. from 1 April 2024 onwards.
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