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  3. 6. mr. nihar maintains a savings a/c and a current

6. Mr. Nihar maintains a savings A/c and a current A/c in Mera Bank Ltd....

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Accounting

6. Mr. Nihar maintains a savings A/c and a current A/c in Mera Bank Ltd. The details of withdrawals on various dates during the previous year 2023-24 are as follows:
Date of Cash withdrawal Saving A/C Current Account
05.04.2023
15,00,000
10.05.2023
25.06.2023
17.07.2023
28.10.2023
35,00,000
10.11.2023
38,00,000
12.12.2023
25,00,000
Mr. Nihar regularly files his return of income. Is Mera Bank Limited required to deduct tax at source on the withdrawals made by Mr. Nihar during the previous year 2023-24? If yes, what would the amount of tax deducted at source?

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