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Rates for deduction of income-tax at source during the financial year (FY) 2025-26 from certain incomes other than "Salaries".

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Full Text of the Document

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....Salaries". The rates for deduction of income-tax at source during the FY 2025-26 under the provisions of section 193, 194A, 194B, 194BB, 194D, 194LBA, 194LBB, 194LBC and 195 have been specified in Part II of the First Schedule to the Bill. 2. It is proposed that the rates in force for deduction of income-tax at source on income by way of insurance commission shall be reduced from 5% to 2%, in v....