Tds 2024ct. Earlier the amount of tds was rs.50,000 (5% on commission) so, he could have received rs. As per section 194da, any person responsible for paying a resident any sum under a life insurance policy shall, at the time of payment thereof, deduct.
Calculating tds depends on the nature of the payment made. Payment of commission (not being insurance commission), brokerage, contractual fee, professional fee to a resident person by an individual or a huf who are not liable to deduct tds under section 194c,.
