The tax has to be deducted at source at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier.

PLEASE NOTE:

• Payment to Non Residents to shall be covered under the ambit of Section 195.
   

• No TDS to be deducted, if aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year to the account of, or to, the payee, does not exceed five thousand rupees.