Tax deduction on commission and brokerage applies at credit or payment, with distinct deductor and rate rules.

Section 393(1) provides for tax deduction at source on insurance commission and other commission or brokerage payments, subject to the stated payment threshold. Insurance-related remuneration is deductible by any person at rates in force, while non-insurance commission or brokerage is deductible by a specified person at the prescribed rate. Deduction in both cases occurs at the earlier of credit or payment. A no-deduction exception is noted under Section 393(4).

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