Tds On Commission 2024-24 Limit. 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%. If not selected, tds deduction as per new regime.

Under section 194t, if you receive salary, commission, bonus, or interest exceeding rs. Entities making payments in the form of commission or rewards for stocking, distributing, purchasing, or selling lottery tickets are required to deduct tds at a.