55[Payments in respect of deposits under National Savings Scheme, etc.56
194EE. The person responsible for paying to any person any amount referred to
in clause (a) of sub-section (2) of section
80CCA shall, at the time of payment thereof, deduct income-tax thereon at
the rate of twenty per cent :
Provided that no deduction shall be made under this section where the amount of
such payment or, as the case may be, the aggregate amount of such payments to
the payee during the financial year is less than two thousand five hundred
rupees :
Provided further that nothing contained in this section shall
apply to the payment of the said amount to the heirs of the assessee.]
