Change in TDS rates in budget 2024

Change in TDS rates in budget 2024

there have been changes in TDS rates in budget 2024
1. Section 194D (Insurance Commission): 5% to 2% (Effective from 1 April 2025)
2. Section 194DA (Life Insurance Policy Payment): 5% to 2% (Effective from 1 October 2024)
3. Section 194G (Lottery Commission): 5% to 2% (Effective from 1 October 2024)
4. Section 194H (Commission or Brokerage): 5% to 2% (Effective from 1 October 2024)
5. Section 194-IB (Rent Payment): 5% to 2% (Effective from 1 October 2024)
6. Section 194M (Certain Payments by Individuals or HUFs): 5% to 2% (Effective from 1 October 2024)
7. Section 194-O (E-commerce Payments): 1% to 0.1% (Effective from 1 October 2024)
8. Section 194F (Repurchase of Units by Mutual Funds or UTI): Omitted (Effective from 1 October 2024)
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