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    <title>RATES FOR DEDUCTION OF TAX AT SOURCE</title>
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    <description>The Third Schedule sets prescribed rates for deduction of tax at source on specified payments to resident deductees, assigning fixed withholding rates to categories such as income from employment (computed at the average income tax rate under the First Schedule), works and service contracts, interest, dividends, mutual fund distributions, life insurance payouts, commission and brokerage, professional and technical fees, royalties and non compete fees, compensation for compulsory acquisition of immovable property, various forms of rent, and winnings from lotteries and horse races; certain payee classes (e.g., individuals/HUFs versus others) are treated distinctly where specified.</description>
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      <description>The Third Schedule sets prescribed rates for deduction of tax at source on specified payments to resident deductees, assigning fixed withholding rates to categories such as income from employment (computed at the average income tax rate under the First Schedule), works and service contracts, interest, dividends, mutual fund distributions, life insurance payouts, commission and brokerage, professional and technical fees, royalties and non compete fees, compensation for compulsory acquisition of immovable property, various forms of rent, and winnings from lotteries and horse races; certain payee classes (e.g., individuals/HUFs versus others) are treated distinctly where specified.</description>
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