Withholding on specified payments: lower rate for individuals and Hindu undivided families, higher rate for other payees. Amendment to Section 194-I replaces the prior uniform withholding rate with a two-tier structure: a lower withholding rate where the payee is an individual or a Hindu undivided family, and a higher withholding rate in all other cases, with the payer obliged to deduct tax at the applicable rate and the change effective from the legislative commencement date.