Deduction of tax at source from insurance commission: revised rates and compliance obligations, including payment, challan use, and reporting. Tax must be deducted at source on insurance commission for financial year 1980-81 at revised rates for payments after 18 June 1980; section 194D applies to residents and section 195 covers non residents and certain foreign companies. Deduction occurs on credit or payment, remittance to the Government follows specified deadlines with designated challans, surcharge shown separately and tax rounded to the nearest rupee. No adjustment for prior debits is allowed; payees (other than companies) may seek certificates authorising reduced or nil deduction, and payers must issue payee certificates and file prescribed quarterly and annual statements.