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<h1>Finance Bill 2024: Proposal to Reduce TDS on Insurance Commissions from 5% to 2% for Non-Companies by April 2025.</h1> Section 194D of the Finance Bill 2024 proposes changes to the tax deduction at source (TDS) on insurance commissions. Currently, individuals responsible for paying insurance commissions to residents must deduct a 5% TDS. The proposed amendment seeks to reduce this rate to 2% for individuals other than companies. This change is set to take effect from April 1, 2025, as part of the Union Budget 2024-25.