SR.CITIZEN SAVINGS SCHEME F.No 79-01/2016-SB Government of India Ministry of Communications Department of Posts DakBhawan, Sansad Marg, New Delhi-110001 Date: 29.06.2018 To All Heads of Circles/Regions Addl. Director General, APS, New Delhi. Subject –   Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme regarding. Sir / Madam, I am directed to say that Government of India has amended Suction 194A of Income Tax Act 1961 through Finance Act 2018 and Inserted below new Proviso below Sub Section 3 of Section 194A:- [Provided also that in case of payee being a senior citizen, the provisions of sub-clause (a), sub-clause (b), and sub-clause (c) shall have effect as if for tho words “ten thousand rupees”, tho words ‘fifty thousand rupees” had been substituted. Explanation.- For the purposes of this clause, “ senior citizen ” means an Individual resident In India who is of the age of shay years or more at any time during the r...