Equalisation levy requires payers to deduct from payments for specified services and remit to government by monthly deadline. A resident carrying on business or profession, or a non-resident with a permanent establishment in India (assessee), must deduct equalisation levy from amounts paid or payable to a non-resident for specified services when aggregate consideration exceeds the statutory threshold. The levy deducted in any calendar month must be paid to the credit of the Central Government by the seventh day of the month following that calendar month, and an assessee who fails to deduct remains liable to remit the levy under the same monthly schedule.