Tax deduction at source rules for winnings, partner payments, cash withdrawals, and no-deduction declarations Rate of tax deduction at source is prescribed for specified payments made to any person, including winnings, lottery-related commission, cash withdrawals, NSC or deferred annuity receipts, and payments to partners. The chart states the applicable rates, threshold limits, timing of deduction, special rules for net winnings and winnings in kind, and exceptions for specified payees. It also provides a declaration mechanism for no deduction at source and permits electronic furnishing of such declaration for certain income from units, securities and dividends.