Tds On Commission 2024-25 202425 India. What are the types of tds? Tds is a tax introduced by the income tax department of india to reduce tax evasion.

Section 194da will see a tds reduction on life insurance payouts from 5% to 2%, while the tds on lottery ticket commissions under section 194g will also fall to 2%. Tds rates are changed by budget 2024 via finance act (no.2) 2024 for f.y.