Tax deduction on mutual fund income now required at payment or credit, with a small-payment exemption and per-branch per-scheme computation. Where income payable to a resident in respect of units of a specified mutual fund or the Unit Trust of India is credited or paid, the payer must deduct income-tax at the time of credit or payment, subject to a limited exemption where the aggregate income credited or paid by that payer in the year does not exceed a prescribed threshold; the threshold is computed per branch and per scheme, and credits to suspense accounts are deemed credit to the payee for deduction purposes.