This article deals with linear stability analysis of thermal convection in a dielectric fluid saturated anisotropic sparse porous layer subject to simultaneous effect of time-periodic modulation of wall-temperature and vertically imposed AC electric field. The modulation amplitude is assumed to be small. Regular perturbation method is being used to compute the onset criterion. The frequency of modulation is found to play a decisive role in regulating the convection. Symmetric modulation destabilizes while asymmetric modulation stabilizes the system. Lower-wall temperature modulation is observed to bear dual influence. Effect of thermal modulation is reinforced with the imposed AC electric field. Anisotropy, normalized porosity, sparseness of porous layer, viscosity ratio and Prandtl number are found to have a significant influence on stability threshold. The results of this study are useful in material processing, chemical engineering, geothermal activities, oil recovery techniques, purification of ground water pollution, and biomechanics of the design of artificial organs.