Revised TDS rates along with their effective dates are proposed in the Union Budget 2024
| Section | Present TDS Rate | Proposed TDS Rate | With effect from |
| Section 194D – Payment of insurance commission (in case of person other than company) | 5% | 2% | 1.4.2025 |
| Section 194DA – Payment in respect of life insurance policy | 5% | 2% | 1.10.2024 |
| Section 194G — Commission etc on sale of lottery tickets | 5% | 2% | 1.10.2024 |
| Section 194H – Payment of commission or brokerage | 5% | 2% | 1.10.2024 |
| Section 194-IB – Payment of rent by certain individuals or HUF | 5% | 2% | 1.10.2024 |
| Section 194M – Payment of certain sums by certain individuals or Hindu undivided family | 5% | 2% | 1.10.2024 |
| Section 194-0 – Payment of certain sums by e-commerce operator to e-commerce participant | 1% | 0.1 % | 1.10.2024 |
| Section 194F relating to payments on account of repurchase of units by Mutual Fund or Unit Trust of India | Proposed to be omitted | 1.10.2024 | |
Also Read: Revised Income -tax Slab under New Tax Regime – Union Budget 2024
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