TDS is deducted at a specific rate under different TDS Sections. Nature of Payment helps you in determining the correct TDS Section for TDS deduction. Hence it is important to know all the different types of nature. Following are the Nature of Payments: 

  • Salary

  • Interest or Divided

  • Contractual Payment

  • Commission or Brokerage

  • Rent

  • Professional Fees

  • Sale of Property

  • Others