What are the different types of payments subject to TDS provisions?

TDS provisions cover various types of payments, including salaries, interest on securities, dividends, payments to contractors/sub-contractors, professional fees, rent, commission, brokerage, etc. The applicable TDS rates and threshold limits vary for different types of payments as prescribed under different sections of the Income Tax Act, 1961. For example, TDS on salaries is covered under Section 192, while TDS on interest payments is covered under Section 194A. It is crucial for payers to identify the nature of payments and comply with the relevant TDS provisions.