Tax Deducted at Source: prescribed withholding rates apply to specified payments, with higher rates if PAN is not furnished. Tax is deductible at source on specified payments with prescribed withholding rates that differ for residents and non residents; higher fallback rates apply if PAN is not furnished or payments are made to persons in notified jurisdictional areas. Treaty rates may supersede domestic rates where favourable. Recipients can seek lower/no deduction through prescribed declarations or an assessing officer's certificate, subject to statutory exclusions, and particular rules govern payments by banks, business trusts, investment funds, and securitisation vehicles.