No tax is to be deducted at source where the amount of such sum or as the case may be, the aggregate of the amounts of such sum or, as the case may be, the aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to the, the payee, does not exceed:-

1. Rs. 20,000 in case of fees for Professional Services;
   
   

2. Rs. 20,000 in case of fees for Technical Services ;
   
   

3. Rs. 20,000 in case of Royalty ;
   
   

4. Rs. 20,000 in case of Any sum covered under Section 28 (va).
   
   

• Where the tax is either not be deducted or to be deducted at a lower rate:

  Any person to whom interest is payable may make an application in Form No. 13 to the Assessing Officer and obtain such certificate from him, as may be appropriate, authorizing the payer not to be deduct tax or to deduct tax at a lower rate.