Income-tax Act, 2025

Tax to be deducted at source. - Section 393

Tax to be deducted at source.

393. (1) Where any income or sum of the nature specified in column B of the Table below, is credited or paid or distributed by the person specified in column C during the tax year, to a resident, the person responsible for paying such income or sum shall deduct income-tax,

(a)

on the entire amount of such income or sum, where the amount or aggregate of amounts exceeds the threshold limit specified in column D, or on sum as per Note 1 for serial number 8(ii), as the case may be;

(b)

at the rate specified in column D;

(c)

at the time of credit of such income or sum to the account of the payee or at the time of its payment in cash or by way of a cheque or a draft or by any other mode, whichever is earlier; and

(d)

subject to the provisions of sub-sections (4), (5), (6), (8) and (9).

TABLE

FOR PAYMENTS TO RESIDENT

Sl. No.

Nature of income or sum

Payer

Rate

Threshold limit

A

B

C

D

1. Commission or brokerage

(i)

Any income by way of remuneration or reward, whether by way of commission or otherwise, for soliciting or procuring insurance business (including business relating to the continuance, renewal or revival of insurance policies).

Any person.

Rate: Rates in force.

___________

Threshold limit:

Rs. 20,000.

(ii)

Any income by way of commission [not being insurance commission referred to in serial number 1(i)] or brokerage.

Specified person.

Rate: 2%

________

Threshold limit:

Rs. 20,000.

2. Rent

(i)

Any income by way of rent.

Person other than specified person.

Rate: 2%

________

Threshold limit : Rs. 50,000 for a month or part of a month.

(ii)

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