Section 194D → Section 211
TDS on Insurance Commission
Quick Answer
Section 194D of the Income Tax Act, 1961 (TDS on Insurance Commission) corresponds to Section 211 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 194D
In the 1961 statute, Section 194D deals with TDS on insurance commission. TDS @ 5% on insurance commission paid to agents exceeding Rs. 15,000.
Under the Income-tax Act, 2025 (effective 1st April 2026), Section 194D is retained and renumbered as Section 211 of the Income-tax Act, 2025. Retained. Rate remains 5% for individuals.
The transition impact on Section 194D is assessed as High. Affects lakhs of LIC and general insurance agents.
Sec 194D
Provision Summary
TDS @ 5% on insurance commission paid to agents exceeding Rs. 15,000.
Sec 211
Provision Summary
Retained. Rate remains 5% for individuals.
Key Changes & Highlights
- TDS returns by insurance companies cross-matched with agent's ITR automatically.
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Frequently Asked Questions
Which subject does Section 194D of the 1961 Act cover?
Section 194D of the Income Tax Act, 1961 covers TDS on insurance commission. TDS @ 5% on insurance commission paid to agents exceeding Rs. 15,000.
What is the new section number for Section 194D under the Income-tax Act, 2025?
Section 194D of the Income Tax Act, 1961 maps to Section 211 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. Rate remains 5% for individuals.
How does the Income-tax Act, 2025 affect Section 194D in practice?
The transition impact for Section 194D is rated High. Affects lakhs of LIC and general insurance agents.
What is new about Section 194D under the Income-tax Act, 2025?
TDS returns by insurance companies cross-matched with agent's ITR automatically. These points are specific to Section 194D (TDS on Insurance Commission).
Disclaimer: This mapping of Section 194D (TDS on Insurance Commission) to Section 211 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 194D is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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