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of <h1>Income Tax Bill 2025 Clause 393(1) modernizes TDS on insurance commission with streamlined procedures</h1> The Income Tax Bill 2025 introduces Clause 393(1) as a modernized version of Section 194D from the Income-tax Act 1961, both governing tax deduction at source on insurance commission payments. The new provision maintains the same scope covering remuneration for soliciting or procuring insurance business, including policy renewals and revivals, with a threshold of Rs. 20,000 and deduction at rates in force. Key improvements include a consolidated tabular format for all TDS provisions, explicit declaratory relief mechanisms, and streamlined procedures. While preserving core principles of advance tax collection and broad income coverage, the updated provision aims to reduce ambiguity, facilitate automation, and minimize compliance costs for insurance companies and agents through clearer cross-referencing and harmonized procedures.
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