TDS and TCS rates cut by 25% till March 31, 2021, says FM

From May 14 to March 31, 2021 TDS and TCS rate has been reduced by 25% of the existing rate and is applicable to all payments. It will release Rs 50,000 crore in the hands of the people instead of paying them as taxes: FM

Source: https://timesofindia.indiatimes.com/india/coronavirus-india-updates-live-covid-19-cases-doubling-time-slows-down-to-12-2-days-from-10-9-in-india/liveblog/75684920.cms