At what rate the payer will deduct tax if I do not furnish my Permanent Account Number to him?

Ans. As per section 206AA, if you do not furnish your Permanent Account Number to the payer (i.e., deductor), then the deductor shall deduct tax at the higher of the following rates:

•  At the rate specified in the relevant provision of the Act.
•  At the rate or rates in force, i.e., the rate prescribed in the Finance Act. 
•  At the rate of 20%.​