Payment to any banking company to which the Banking Regulation Act, 1949 applies or any co-operative society engaged in carrying on the business of banking (including Cooperative Land Mortgage Bank)
 

Payment to any financial corporation established by or under a Central, State or Provincial Act
 

Payment to LIC of India
 

Payment to UTI
 

Payment to any company or co-operative society carrying on the business of insurance
 

Payment to notified institution, association or body or class of institutions, associations or bodies
 

Payment by a firm to its partner Payment by a co-operative society to a member or to any other co-operative society

Payment in respect of notified deposits
 

• Post Office Recurring Deposit Account;

• Post Office Time Deposit;

• Monthly Income Account;

• National Saving Certificates;

• Kisan Vikas Patra;

• Indira Vikas Patra;
   

Payments in respect of deposits (other than time deposits made on or after 1-7-1995) with banking company to which Banking Regulation Act applies
 

Payments in respect of deposits with a primary agricultural credit society or a primary credit society or a co-operative land mortgage bank or a co-operative land development bank
 

Payments in respect of deposits (other than time deposits made on or after 1-7-1995) with a co-operative society, other than co-operative society or bank, referred to above
 

Payments by the Central Government under any of the direct taxes enactments.
 

Payment in respect of income credited or paid by way of interest on the compensation amount awarded by the Motor Accidents Claims Tribunal where the amount of such income or, as the case may be, the aggregate of the amounts of such income credited or paid during the financial year does not exceed rupees 50,000/-
 

Payment by an infrastructure capital company or infrastructure capital fund or a public sector company in relation to a zero coupon bond issued on or after 1-6-2005