Tds On Commission Limit Fy 2024-24. Section 194da will see a tds reduction on life insurance payouts from 5% to 2%, while the tds on lottery ticket commissions under section 194g will also fall to 2%. In the union budget 2024, the indian government announced changes to tds (tax deducted at source) rates for various sections, effective from october 1, 2024.
Starting from april 1, 2025, if a firm makes any payments to its partners, it must deduct tds at 10% if the payment amount exceeds the threshold limit of 20,000. The providers of these incomes (like your company / bank) can deduct a certain percentage of income as tds (tax deducted at source) based on certain threshold limits.
Tds On Commission Limit Fy 2024-24 Images References :
