Tds On Commission 2024-23. Failure to deduct or insufficient deduction incurs penalties. This article covers payments subject to tds,.

Normally, the tds rate is in the range of 0.10% to 10% depending upon the nature of payment, for example, interest payment attracts tds @ 10%, commission @5%, purchase. 6/2024 offering relief to tds deductors for transactions up to march 31, 2024, when pan becomes operative by linking with aadhar.