TDS and TCS on any date since 1 April 2020: choose the section or nature of payment, the date of credit or payment (debit or receipt for TCS) and the amount. The rate and threshold in force on that date are applied, and the result gives the section to quote: from 1 April 2026 the provision of the Income-tax Act, 2025 (TDS sections 392 and 393, TCS section 394) with the 1961 section it replaced. Every rate in the charts below cites the Act, Finance Act, circular or press release it comes from. Reference only: confirm in the Act or notification before you deduct or collect.
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TDS and TCS rates for tax year 2026-27 (Income-tax Act, 2025)
In force from 1 April 2026: the provision of the Income-tax Act, 2025 as amended by the Finance Act, 2026, the 1961 section it replaced, the rate and the threshold, with the citation of each.
Check marks a rate or threshold not confirmed from an official text; the calculator gives no amount for it.
| Section (2025 Act) | Was (1961 Act) | Nature of payment | Rate | Threshold | Citation |
|---|---|---|---|---|---|
| TDS (tax deducted at source) | |||||
| 392(1) | 192 | Salary TDS not worked out here | Slab rates Check | — | Income-tax Act, 2025 (No. 30 of 2025) s.392(1), (2), (8); Finance Act, 2026 (No. 4 of 2026) s.2(10) and First Schedule Part III; cess s.2(15)Source: incometaxindia.gov.in |
| 392(7) | 192A | Provident fund (EPF) withdrawal | 10% | ₹50,000 or more in the year | Income-tax Act, 2025 s.392(7) ('10%, where the aggregate amount of such payment is Rs. 50000 or more')Source: incometaxindia.gov.in |
| 393(1) Table Sl. 5(i) | 193 | Interest on securities (debentures, bonds) | 10% | Above ₹10,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.5(i); s.393(4) Table Sl.6; Finance Act 2026 First Schedule Part IISource: incometaxindia.gov.in |
| 393(1) Table Sl. 7 | 194 | Dividend from a company Payee: Individual | 10% | Above ₹10,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.7 and Note; s.393(4) Table Sl.10(f)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 7 | 194 | Dividend from a company Payee: Company, firm or other | 10% | No threshold | Income-tax Act, 2025 s.393(1) Table Sl.7 (threshold Nil); s.393(4) Table Sl.10(a)-(e)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 5(ii) | 194A | Interest from a bank, co-operative bank or post office Payee: Below 60, or not an individual | 10% | Above ₹50,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.5(ii); s.393(4) Table Sl.7Source: incometaxindia.gov.in |
| 393(1) Table Sl. 5(ii) | 194A | Interest from a bank, co-operative bank or post office Payee: Senior citizen (60 or more) | 10% | Above ₹1 lakh in the year | Income-tax Act, 2025 s.393(1) Table Sl.5(ii), Notes 1-2; s.393(4) Table Sl.7; s.393(6)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 5(iii) | 194A | Interest paid by others (company, firm, NBFC) | 10% | Above ₹10,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.5(iii); s.393(4) Table Sl.7 (item (c)(iv) substituted by Finance Act 2026 s.84(b)(ii), w.e.f. 1-4-2026)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 5(iii); 393(4) Table Sl. 7 | 194A | Interest on motor accident claims compensation Payee: Individual | No TDS | — | Income-tax Act, 2025 s.393(4) Table Sl.7, col. C, cl. (b)(c)(iv)(A) as substituted by Finance Act 2026 (No. 4 of 2026) s.84(b)(ii), w.e.f. 1-4-2026: no deduction on interest on compensation awarded by a Motor Accidents Claims Tribunal to an individual (Gazette text)Source: egazette.gov.in |
| 393(1) Table Sl. 5(iii); 393(4) Table Sl. 7 | 194A | Interest on motor accident claims compensation Payee: Company, firm or other | 10% | Above ₹50,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.5(iii) ('Rates in force'); s.393(4) Table Sl.7, col. C, cl. (b)(c)(iv)(B) as substituted by Finance Act 2026 (No. 4 of 2026) s.84(b)(ii), w.e.f. 1-4-2026: no deduction where the aggregate interest on such compensation does not exceed Rs 50,000 during the tax year (Gazette text)Source: egazette.gov.in |
| 393(3) Table Sl. 1 | 194B | Winnings from lottery, puzzles, games or betting | 30% | Above ₹10,000 for one sum | Income-tax Act, 2025 s.393(3) Table Sl.1, Note 2; Finance Act 2026 First Schedule Part II para 1(a)(ii), 2(a)(ii)Source: incometaxindia.gov.in |
| 393(3) Table Sl. 2 | 194BA | Net winnings from online games | 30% | No threshold | Income-tax Act, 2025 s.393(3) Table Sl.2, Notes 1-2; Finance Act 2026 First Schedule Part II para 1(a)(iv), 2(a)(iv)Source: incometaxindia.gov.in |
| 393(3) Table Sl. 3 | 194BB | Winnings from horse races | 30% | Above ₹10,000 for one sum | Income-tax Act, 2025 s.393(3) Table Sl.3; Finance Act 2026 First Schedule Part II para 1(a)(iii), 2(a)(iii)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 6(i) | 194C | Payment to contractors (work, labour or manpower) Payee: Individual or HUF | 1% | Above ₹30,000 for one sum or ₹1 lakh in the year | Income-tax Act, 2025 s.393(1) Table Sl.6(i) and Note; s.402(11); s.402(47)(f) 'supply of manpower' inserted by Finance Act 2026 s.90(b), w.e.f. 1-4-2026; s.393(4) Table Sl.8Source: incometaxindia.gov.in |
| 393(1) Table Sl. 6(i) | 194C | Payment to contractors (work, labour or manpower) Payee: Firm, company or other | 2% | Above ₹30,000 for one sum or ₹1 lakh in the year | Income-tax Act, 2025 s.393(1) Table Sl.6(i); s.402(47)(f) inserted by Finance Act 2026 s.90(b), w.e.f. 1-4-2026Source: incometaxindia.gov.in |
| 393(1) Table Sl. 1(i) | 194D | Insurance commission Payee: Other than a company | 2% | Above ₹20,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.1(i) ('Rates in force'); Finance Act 2026 (No. 4 of 2026, Gazette 30-3-2026) First Schedule Part II para 1(a)(v) 'on income by way of insurance commission' 2%Source: egazette.gov.in |
| 393(1) Table Sl. 1(i) | 194D | Insurance commission Payee: Domestic company | 10% | Above ₹20,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.1(i); Finance Act 2026 First Schedule Part II para 2(a)(v) 10%Source: egazette.gov.in |
| 393(1) Table Sl. 8(i) | 194DA | Life insurance policy payout (taxable) | 2% | Above ₹1 lakh in the year | Income-tax Act, 2025 s.393(1) Table Sl.8(i)Source: incometaxindia.gov.in |
| 393(2) Table Sl. 1 | 194E | Non-resident sportsman, entertainer or sports association TDS not worked out here | 20% | No threshold | Income-tax Act, 2025 s.393(2) Table Sl.1; Finance Act 2026 s.2(7), (16)Source: incometaxindia.gov.in |
| 393(3) Table Sl. 6 | 194EE | National Savings Scheme payment | 10% | Above ₹2,500 in the year | Income-tax Act, 2025 s.393(3)(a) and Table Sl.6; s.393(4) Table Sl.19Source: incometaxindia.gov.in |
| Not in the 2025 Act | 194F (omitted) | Repurchase of units by a mutual fund or UTI | No TDS | — | IT Act 1961 s.194F omitted by Finance (No.2) Act 2024 (Bill cl. 55) w.e.f. 1.10.2024 (Memorandum, Finance (No.2) Bill 2024); no successor in the Income-tax Act 2025Source: indiabudget.gov.in |
| 393(3) Table Sl. 4 | 194G | Commission on lottery tickets | 2% | Above ₹20,000 in the year | Income-tax Act, 2025 s.393(3) Table Sl.4, Note 3Source: incometaxindia.gov.in |
| 393(1) Table Sl. 1(ii) | 194H | Commission or brokerage | 2% | Above ₹20,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.1(ii); s.402(37); s.393(4) Table Sl.1Source: incometaxindia.gov.in |
| 393(1) Table Sl. 2(ii)(a) | 194-I(a) | Rent for plant, machinery or equipment | 2% | Above ₹50,000 a month | Income-tax Act, 2025 s.393(1) Table Sl.2(ii)(a); s.402(37)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 2(ii)(b) | 194-I(b) | Rent for land, building or furniture | 10% | Above ₹50,000 a month | Income-tax Act, 2025 s.393(1) Table Sl.2(ii)(b); s.393(4) Table Sl.2Source: incometaxindia.gov.in |
| 393(1) Table Sl. 3(i) | 194-IA | Purchase of immovable property | 1% | ₹50 lakh or more for one sum | Income-tax Act, 2025 s.393(1) Table Sl.3(i), Notes 1-3 (Note 3 reference corrected from 3(iii) to 3(i) by Finance Act 2026 s.84(a), w.e.f. 1-4-2026); s.397(1)(c)(i)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 2(i) | 194-IB | Rent paid by an individual or HUF (small or no business) | 2% | Above ₹50,000 a month | Income-tax Act, 2025 s.393(1) Table Sl.2(i) and Note 1; s.402(29); s.397(1)(c)(i), 397(2)(e)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 3(ii) | 194-IC | Joint development agreement (money part) | 10% | No threshold | Income-tax Act, 2025 s.393(1) Table Sl.3(ii)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 6(iii) | 194J(a) | Fees for technical services, film royalty or call centre | 2% | Above ₹50,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.6(iii), Rate (a); s.402(15); s.393(4) Table Sl.9Source: incometaxindia.gov.in |
| 393(1) Table Sl. 6(iii) | 194J(b) | Fees for professional services | 10% | Above ₹50,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.6(iii), Rate (b); s.402(28)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 6(iii)(c) | 194J(1)(ba) | Director fees or commission (not salary) | 10% | No threshold | Income-tax Act, 2025 s.393(1) Table Sl.6(iii), Col.B(c), threshold (ii) NilSource: incometaxindia.gov.in |
| 393(1) Table Sl. 6(iii) | 194J(b) | Royalty (other than film royalty) | 10% | Above ₹50,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.6(iii), Rate (b); s.402(28)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 6(iii) | 194J(b) | Non-compete fee or similar sum | 10% | Above ₹50,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.6(iii), Rate (b); s.402(28)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 4(i) | 194K | Income from mutual fund units | 10% | Above ₹10,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.4(i); s.393(4) Table Sl.4; s.393(6)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 3(iii) | 194LA | Compensation on compulsory acquisition of property | 10% | Above ₹5 lakh in the year | Income-tax Act, 2025 s.393(1) Table Sl.3(iii); s.393(4) Table Sl.3Source: incometaxindia.gov.in |
| 393(1) Table Sl. 4(ii) | 194LBA | Distribution by a business trust (REIT or InvIT) | 10% | No threshold | Income-tax Act, 2025 s.393(1) Table Sl.4(ii); s.393(4) Table Sl.5Source: incometaxindia.gov.in |
| 393(1) Table Sl. 4(iii) | 194LBB | Income from an investment fund (AIF) | 10% | No threshold | Income-tax Act, 2025 s.393(1) Table Sl.4(iii)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 4(iv) | 194LBC | Income from a securitisation trust Payee: Individual or HUF | 10% | No threshold | Income-tax Act, 2025 s.393(1) Table Sl.4(iv)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 4(iv) | 194LBC | Income from a securitisation trust Payee: Firm, company or other | 10% | No threshold | Income-tax Act, 2025 s.393(1) Table Sl.4(iv)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 6(ii) | 194M | Contract, commission or professional fees paid by an individual or HUF (small or no business) | 2% | Above ₹50 lakh in the year | Income-tax Act, 2025 s.393(1) Table Sl.6(ii); s.397(1)(c)(i)Source: incometaxindia.gov.in |
| 393(3) Table Sl. 5 | 194N | Cash withdrawal from a bank or post office Payee: Files returns, not a co-operative society | 2% Check | On the part of the yearly total above ₹1 crore | Income-tax Act, 2025 s.393(3)(a) and Table Sl.5; s.393(4) Table Sl.18; official TDS Rates page 2026-27 ('in excess of Rs. 1 crore')Source: incometaxindia.gov.in |
| 393(3) Table Sl. 5 | 194N | Cash withdrawal from a bank or post office Payee: Co-operative society that files returns | 2% Check | On the part of the yearly total above ₹3 crore | Income-tax Act, 2025 s.393(3) Table Sl.5, threshold (a)Source: incometaxindia.gov.in |
| 393(3) Table Sl. 5 | 194N | Cash withdrawal from a bank or post office Payee: Has not filed returns, not a co-operative society | 2% Check | On the part of the yearly total above ₹1 crore | Income-tax Act, 2025 s.393(3)(a) and Table Sl.5; s.393(4) Table Sl.18; official TDS Rates page 2026-27 ('in excess of Rs. 1 crore')Source: incometaxindia.gov.in |
| 393(3) Table Sl. 5 | 194N | Cash withdrawal from a bank or post office Payee: Co-operative society that has not filed returns | 2% Check | On the part of the yearly total above ₹3 crore | Income-tax Act, 2025 s.393(3) Table Sl.5, threshold (a)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 8(v) | 194-O | Sales through an e-commerce operator Payee: Individual or HUF | 0.1% | Above ₹5 lakh in the year | Income-tax Act, 2025 s.393(1) Table Sl.8(v), Notes 3-4; s.393(4) Table Sl.11Source: incometaxindia.gov.in |
| 393(1) Table Sl. 8(v) | 194-O | Sales through an e-commerce operator Payee: Firm, company or other | 0.1% | No threshold | Income-tax Act, 2025 s.393(1) Table Sl.8(v) (threshold Nil), Notes 3-4Source: incometaxindia.gov.in |
| 393(1) Table Sl. 8(iii) | 194P | Tax of a senior citizen aged 75 or more, deducted by the bank TDS not worked out here | Slab rates | — | Income-tax Act, 2025 s.393(1) Table Sl.8(iii), Note 5; s.402(39)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 8(ii) | 194Q | Purchase of goods (buyer turnover above ₹10 crore) | 0.1% | On the part of the yearly total above ₹50 lakh | Income-tax Act, 2025 s.393(1) Table Sl.8(ii), Note 1; s.402(6) Table Sl.1; s.397(2)(b)(i)(C)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 8(iv) | 194R | Benefit or perquisite from business | 10% | Above ₹20,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.8(iv), Notes 2 and 6Source: incometaxindia.gov.in |
| 393(1) Table Sl. 8(vi) | 194S | Crypto (virtual digital asset), paid by a small individual or HUF | 1% | Above ₹50,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.8(vi); s.393(4) Table Sl.12(a); s.397(1)(c)Source: incometaxindia.gov.in |
| 393(1) Table Sl. 8(vi) | 194S | Crypto (virtual digital asset), paid by others | 1% | Above ₹10,000 in the year | Income-tax Act, 2025 s.393(1) Table Sl.8(vi); s.393(4) Table Sl.12(b)Source: incometaxindia.gov.in |
| 393(3) Table Sl. 7 | 194T | Salary, interest or commission paid by a firm to a partner | 10% | Above ₹20,000 in the year | Income-tax Act, 2025 s.393(3) Table Sl.7Source: incometaxindia.gov.in |
| 393(2) Table Sl. 17 | 195 | Other payments to non-residents TDS not worked out here | Slab rates | — | Income-tax Act, 2025 s.393(2) Table Sl.17; s.395(2); Finance Act 2026 First Schedule Part IISource: egazette.gov.in |
| TCS (tax collected at source) | |||||
| 394(1) Table Sl. 1 | 206C(1) Table Sl.(i) | Sale of alcoholic liquor | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.1; '1%' substituted by '2%' by Finance Act 2026 (No. 4 of 2026) s.85(a), w.e.f. 1-4-2026 (official footnote 86)Source: incometaxindia.gov.in |
| 394(1) Table Sl. 2 | 206C(1) Table Sl.(ii) | Sale of tendu leaves | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.2; '5%' substituted by '2%' by Finance Act 2026 s.85(b), w.e.f. 1-4-2026 (official footnote 87)Source: incometaxindia.gov.in |
| 394(1) Table Sl. 3 | 206C(1) Table Sl.(iii) | Sale of timber obtained under a forest lease | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.3; s.394(6) ('forest produce')Source: incometaxindia.gov.in |
| 394(1) Table Sl. 3 | 206C(1) Table Sl.(iv) | Sale of timber obtained otherwise | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.3 ('timber whether obtained under a forest lease or otherwise')Source: incometaxindia.gov.in |
| 394(1) Table Sl. 3 | 206C(1) Table Sl.(iii) | Sale of other forest produce obtained under a forest lease | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.3 ('any other forest produce (not being timber or tendu leaves) obtained under a forest lease'); s.394(6)Source: incometaxindia.gov.in |
| 394(1) Table Sl. 3 | 206C(1) Table Sl.(iii) | Sale of other forest produce obtained otherwise | No TCS | — | Income-tax Act, 2025 s.394(1) Table Sl.3 ('any other forest produce (not being timber or tendu leaves) obtained under a forest lease'); s.394(6)Source: incometaxindia.gov.in |
| 394(1) Table Sl. 4 | 206C(1) Table Sl.(vi) | Sale of scrap | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.4; '1%' substituted by '2%' by Finance Act 2026 s.85(c), w.e.f. 1-4-2026 (official footnote 88); s.402(31)Source: incometaxindia.gov.in |
| 394(1) Table Sl. 5 | 206C(1) Table Sl.(vii) | Sale of coal, lignite or iron ore | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.5; '1%' substituted by '2%' by Finance Act 2026 s.85(d), w.e.f. 1-4-2026 (official footnote 88a)Source: incometaxindia.gov.in |
| 394(1) Table Sl. 9 | 206C(1C) Table Sl.(i) | Parking lot lease or licence | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.9Source: incometaxindia.gov.in |
| 394(1) Table Sl. 9 | 206C(1C) Table Sl.(ii) | Toll plaza lease or licence | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.9Source: incometaxindia.gov.in |
| 394(1) Table Sl. 9 | 206C(1C) Table Sl.(iii) | Mine or quarry lease or licence | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.9Source: incometaxindia.gov.in |
| 394(1) Table Sl. 6(a) | 206C(1F)(i) | Sale of a motor vehicle | 1% | Above ₹10 lakh for one sum | Income-tax Act, 2025 s.394(1) Table Sl.6(a), s.394(1)(c); s.402(6) Table Sl.3; s.402(33)Source: incometaxindia.gov.in |
| 394(1) Table Sl. 6(b) | 206C(1F)(ii) | Sale of notified luxury goods (watches, art, yachts, handbags and others) | 1% Check | Above ₹10 lakh for one sum | Income-tax Act, 2025 s.394(1) Table Sl.6(b) ('any other goods, as may be notified by the Central Government'); goods list per CBDT Notification No. 36/2025 dated 22-4-2025 issued under the 1961 Act (continuation under the 2025 Act's repeal-and-savings section assumed, not verified)Source: incometaxindia.gov.in |
| 394(1) Table Sl. 7(b) | 206C(1G)(a) 2nd proviso | Money sent abroad under LRS (other purposes) | 20% Check | On the part of the yearly total above ₹10 lakh | Income-tax Act, 2025 s.394(1) Table Sl.7(b) (not amended by Finance Act 2026)Source: incometaxindia.gov.in |
| 394(1) Table Sl. 7(a) | 206C(1G)(a) | Money sent abroad under LRS for education or medical treatment | 2% Check | On the part of the yearly total above ₹10 lakh | Income-tax Act, 2025 s.394(1) Table Sl.7(a); '5%' substituted by '2%' by Finance Act 2026 s.85(e), w.e.f. 1-4-2026 (official footnote 88b); s.394(4), (5); s.402(6) Table Sl.4Source: incometaxindia.gov.in |
| 394(4)(b) | 206C(1G)(a) 3rd proviso | Money sent abroad for education out of an education loan | No TCS | — | Income-tax Act, 2025 s.394(4)(b) (loan from a financial institution as defined in s.129(3)(b))Source: incometaxindia.gov.in |
| 394(1) Table Sl. 8 | 206C(1G)(b) | Overseas tour package | 2% | No threshold | Income-tax Act, 2025 s.394(1) Table Sl.8; clauses (a) '5% ... up to ten lakh' and (b) '20% ... exceeding ten lakh' substituted by '2%' by Finance Act 2026 s.85(f), w.e.f. 1-4-2026 (official footnote 89)Source: incometaxindia.gov.in |
| Not in the 2025 Act | 206C(1H) | Sale of goods (seller turnover above ₹10 crore) | No TCS | — | IT Act 1961 s.206C(1H): proviso inserted by Finance Act 2025 ('nothing contained in this sub-section shall apply from the 1st day of April, 2025', official footnote 74); no equivalent in the Income-tax Act 2025Source: incometaxindia.gov.in |
TDS and TCS rates for FY 2025-26 (Income-tax Act, 1961)
1 April 2025 to 31 March 2026: the 1961 section, the 2025 Act provision that takes over from 1 April 2026, the rate and the threshold, with the citation of each.
Check marks a rate or threshold not confirmed from an official text; the calculator gives no amount for it.
| Section (1961 Act) | From 1 April 2026 (2025 Act) | Nature of payment | Rate | Threshold | Citation |
|---|---|---|---|---|---|
| TDS (tax deducted at source) | |||||
| 192 | 392(1) | Salary TDS not worked out here | Slab rates | — | IT Act 1961 s.192; Part III, First Schedule to each Finance Act. Successor: Income-tax Act 2025 s.392(1)Source: eztax.in |
| 192A | 392(7) | Provident fund (EPF) withdrawal | 10% | ₹50,000 or more in the year | IT Act 1961 s.192A; second proviso (maximum marginal rate without PAN) omitted by Finance Act 2023 (Bill cl. 80) w.e.f. 1.4.2023 (Memorandum, Finance Bill 2023). Successor: Income-tax Act 2025 s.392(7) (10%, Rs 50,000 or more)Source: indiabudget.gov.in |
| 193 | 393(1) Table Sl. 5(i) | Interest on securities (debentures, bonds) | 10% | Above ₹10,000 in the year | IT Act 1961 s.193 as amended by Finance Act 2025 (Bill cl. 51) w.e.f. 1.4.2025 (Memorandum, Finance Bill 2025, TDS threshold table Sl. 1)Source: indiabudget.gov.in |
| 194 | 393(1) Table Sl. 7 | Dividend from a company Payee: Individual | 10% | Above ₹10,000 in the year | IT Act 1961 s.194 first proviso as amended by Finance Act 2025 (Bill cl. 52) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194 | 393(1) Table Sl. 7 | Dividend from a company Payee: Company, firm or other | 10% | No threshold | IT Act 1961 s.194Source: indiabudget.gov.in |
| 194A | 393(1) Table Sl. 5(ii) | Interest from a bank, co-operative bank or post office Payee: Below 60, or not an individual | 10% | Above ₹50,000 in the year | IT Act 1961 s.194A(3) as amended by Finance Act 2025 (Bill cl. 53) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194A | 393(1) Table Sl. 5(ii) | Interest from a bank, co-operative bank or post office Payee: Senior citizen (60 or more) | 10% | Above ₹1 lakh in the year | IT Act 1961 s.194A(3) as amended by Finance Act 2025 (Bill cl. 53) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194A | 393(1) Table Sl. 5(iii) | Interest paid by others (company, firm, NBFC) | 10% | Above ₹10,000 in the year | IT Act 1961 s.194A(3) as amended by Finance Act 2025 (Bill cl. 53) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194A | 393(1) Table Sl. 5(iii); 393(4) Table Sl. 7 | Interest on motor accident claims compensation Payee: Individual | 10% Check | Above ₹50,000 in the year | IT Act 1961 s.194A(3)(ixa); not in the Finance Act 2025 threshold table (no change found)Source: taxmann.com |
| 194A | 393(1) Table Sl. 5(iii); 393(4) Table Sl. 7 | Interest on motor accident claims compensation Payee: Company, firm or other | 10% Check | Above ₹50,000 in the year | IT Act 1961 s.194A(3)(ixa); not in the Finance Act 2025 threshold table (no change found)Source: taxmann.com |
| 194B | 393(3) Table Sl. 1 | Winnings from lottery, puzzles, games or betting | 30% | Above ₹10,000 for one sum | IT Act 1961 s.194B as amended by Finance Act 2025 (Bill cl. 54) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194BA | 393(3) Table Sl. 2 | Net winnings from online games | 30% | No threshold | IT Act 1961 s.194BA inserted by Finance Act 2023 w.e.f. 1.7.2023; Part II, First Schedule applies at 30% 'being the rate in force' (Memorandum, Finance Bill 2023, Rates for TDS para)Source: indiabudget.gov.in |
| 194BB | 393(3) Table Sl. 3 | Winnings from horse races | 30% | Above ₹10,000 for one sum | IT Act 1961 s.194BB as amended by Finance Act 2025 (Bill cl. 55) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194C | 393(1) Table Sl. 6(i) D(a) | Payment to contractors (work, labour or manpower) Payee: Individual or HUF | 1% | Above ₹30,000 for one sum or ₹1 lakh in the year | IT Act 1961 s.194C; definition of 'work' amended by Finance (No.2) Act 2024 (Bill cl. 53) w.e.f. 1.10.2024Source: indiabudget.gov.in |
| 194C | 393(1) Table Sl. 6(i) D(b) | Payment to contractors (work, labour or manpower) Payee: Firm, company or other | 2% | Above ₹30,000 for one sum or ₹1 lakh in the year | IT Act 1961 s.194C; Finance (No.2) Act 2024 ('work' excludes s.194J sums w.e.f. 1.10.2024)Source: indiabudget.gov.in |
| 194D | 393(1) Table Sl. 1(i) | Insurance commission Payee: Other than a company | 2% | Above ₹20,000 in the year | Part II, First Schedule, Finance Act 2025 (rate 2%, announced in Finance (No.2) Act 2024 w.e.f. 1.4.2025); threshold by Finance Act 2025 (Bill cl. 56)Source: indiabudget.gov.in |
| 194D | 393(1) Table Sl. 1(i) | Insurance commission Payee: Domestic company | 10% | Above ₹20,000 in the year | IT Act 1961 s.194D as amended by Finance Act 2025 (threshold, Bill cl. 56); Part II, First Schedule, Finance Act 2025Source: indiabudget.gov.in |
| 194DA | 393(1) Table Sl. 8(i) | Life insurance policy payout (taxable) | 2% | ₹1 lakh or more in the year | IT Act 1961 s.194DA as amended by Finance (No.2) Act 2024 (Bill cl. 54) w.e.f. 1.10.2024Source: indiabudget.gov.in |
| 194E | 393(2) Table Sl. 1 | Non-resident sportsman, entertainer or sports association TDS not worked out here | 20% | No threshold | IT Act 1961 s.194E ('twenty per cent', ITD section text); successor Income-tax Act 2025 s.393(2) Table Sl. 1 (20%)Source: incometaxindia.gov.in |
| 194EE | 393(3) Table Sl. 6 | National Savings Scheme payment | 10% | ₹2,500 or more in the year | IT Act 1961 s.194EESource: incometaxindia.gov.in |
| 194F (omitted) | Not in the 2025 Act | Repurchase of units by a mutual fund or UTI | No TDS | — | IT Act 1961 s.194F omitted by Finance (No.2) Act 2024 (Bill cl. 55) w.e.f. 1.10.2024 (Memorandum, Finance (No.2) Bill 2024); no successor in the Income-tax Act 2025Source: indiabudget.gov.in |
| 194G | 393(3) Table Sl. 4 | Commission on lottery tickets | 2% | Above ₹20,000 in the year | IT Act 1961 s.194G as amended by Finance Act 2025 (Bill cl. 57) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194H | 393(1) Table Sl. 1(ii) | Commission or brokerage | 2% | Above ₹20,000 in the year | IT Act 1961 s.194H as amended by Finance Act 2025 (Bill cl. 58) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194-I(a) | 393(1) Table Sl. 2(ii) D(a) | Rent for plant, machinery or equipment | 2% | Above ₹50,000 a month | IT Act 1961 s.194-I as amended by Finance Act 2025 (Bill cl. 59) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194-I(b) | 393(1) Table Sl. 2(ii) D(b) | Rent for land, building or furniture | 10% | Above ₹50,000 a month | IT Act 1961 s.194-I as amended by Finance Act 2025 (Bill cl. 59) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194-IA | 393(1) Table Sl. 3(i) | Purchase of immovable property | 1% | ₹50 lakh or more for one sum | IT Act 1961 s.194-IA(2) as amended by Finance (No.2) Act 2024 (Bill cl. 58) w.e.f. 1.10.2024Source: indiabudget.gov.in |
| 194-IB | 393(1) Table Sl. 2(i) | Rent paid by an individual or HUF (small or no business) | 2% | Above ₹50,000 a month | IT Act 1961 s.194-IB as amended by Finance (No.2) Act 2024 (Bill cl. 59) w.e.f. 1.10.2024Source: indiabudget.gov.in |
| 194-IC | 393(1) Table Sl. 3(ii) | Joint development agreement (money part) | 10% | No threshold | IT Act 1961 s.194-IC (Memorandum, Finance Bill 2023, para on s.45(5A))Source: indiabudget.gov.in |
| 194J | 393(1) Table Sl. 6(iii) D(a) | Fees for technical services, film royalty or call centre | 2% | Above ₹50,000 in the year | IT Act 1961 s.194J(1) proviso cl. (B) as amended by Finance Act 2025 (Bill cl. 60) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194J | 393(1) Table Sl. 6(iii) D(b) | Fees for professional services | 10% | Above ₹50,000 in the year | IT Act 1961 s.194J as amended by Finance Act 2025 (Bill cl. 60) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194J | 393(1) Table Sl. 6(iii) D(b) | Director fees or commission (not salary) | 10% | No threshold | IT Act 1961 s.194J(1)(ba)Source: indiabudget.gov.in |
| 194J | 393(1) Table Sl. 6(iii) D(b) | Royalty (other than film royalty) | 10% | Above ₹50,000 in the year | IT Act 1961 s.194J as amended by Finance Act 2025 (Bill cl. 60) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194J | 393(1) Table Sl. 6(iii) D(b) | Non-compete fee or similar sum | 10% | Above ₹50,000 in the year | IT Act 1961 s.194J as amended by Finance Act 2025 (Bill cl. 60) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194K | 393(1) Table Sl. 4(i) | Income from mutual fund units | 10% | Above ₹10,000 in the year | IT Act 1961 s.194K as amended by Finance Act 2025 (Bill cl. 61) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194LA | 393(1) Table Sl. 3(iii) | Compensation on compulsory acquisition of property | 10% | Above ₹5 lakh in the year | IT Act 1961 s.194LA as amended by Finance Act 2025 (Bill cl. 62) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194LBA | 393(1) Table Sl. 4(ii) | Distribution by a business trust (REIT or InvIT) | 10% | No threshold | IT Act 1961 s.194LBA(1)Source: indiabudget.gov.in |
| 194LBB | 393(1) Table Sl. 4(iii) | Income from an investment fund (AIF) | 10% | No threshold | IT Act 1961 s.194LBB(i)Source: pib.gov.in |
| 194LBC | 393(1) Table Sl. 4(iv) | Income from a securitisation trust Payee: Individual or HUF | 10% | No threshold | IT Act 1961 s.194LBC as amended by Finance Act 2025 (Bill cl. 63) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194LBC | 393(1) Table Sl. 4(iv) | Income from a securitisation trust Payee: Firm, company or other | 10% | No threshold | IT Act 1961 s.194LBC as amended by Finance Act 2025 (Bill cl. 63) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 194M | 393(1) Table Sl. 6(ii) | Contract, commission or professional fees paid by an individual or HUF (small or no business) | 2% | Above ₹50 lakh in the year | IT Act 1961 s.194M as amended by Finance (No.2) Act 2024 (Bill cl. 60) w.e.f. 1.10.2024Source: indiabudget.gov.in |
| 194N | 393(3) Table Sl. 5 | Cash withdrawal from a bank or post office Payee: Files returns, not a co-operative society | 2% | On the part of the yearly total above ₹1 crore | IT Act 1961 s.194N inserted by Finance (No.2) Act 2019 w.e.f. 1.9.2019; substituted by Finance Act 2020 s.84 w.e.f. 1.7.2020 (same main rule)Source: gstcouncil.gov.in |
| 194N | 393(3) Table Sl. 5 | Cash withdrawal from a bank or post office Payee: Co-operative society that files returns | 2% | On the part of the yearly total above ₹3 crore | IT Act 1961 s.194N, proviso inserted by Finance Act 2023 (Bill cl. 85) w.e.f. 1.4.2023Source: indiabudget.gov.in |
| 194N | Not in the 2025 Act | Cash withdrawal from a bank or post office Payee: Has not filed returns, not a co-operative society | 2% 5% | On the part of the yearly total above ₹20 lakh, up to ₹1 crore On the part of the yearly total above ₹1 crore | IT Act 1961 s.194N first proviso, as substituted by Finance Act 2020 s.84 w.e.f. 1.7.2020 (Gazette text); slab reading per Memorandum, Finance Bill 2023IT Act 1961 s.194N first proviso cl. (ii)(b), as substituted by Finance Act 2020 s.84 w.e.f. 1.7.2020; Memorandum, Finance Bill 2023Source: gstcouncil.gov.in |
| 194N | Not in the 2025 Act | Cash withdrawal from a bank or post office Payee: Co-operative society that has not filed returns | 2% 5% Check | On the part of the yearly total above ₹20 lakh, up to ₹3 crore On the part of the yearly total above ₹3 crore | IT Act 1961 s.194N first proviso, as substituted by Finance Act 2020 s.84 w.e.f. 1.7.2020 (Gazette text); slab reading per Memorandum, Finance Bill 2023IT Act 1961 s.194N; Finance Act 2023 (Bill cl. 85) proviso: for a co-operative society, 'one crore rupees' reads 'three crore rupees' throughout the sectionSource: gstcouncil.gov.in · indiabudget.gov.in |
| 194-O | 393(1) Table Sl. 8(v) | Sales through an e-commerce operator Payee: Individual or HUF | 0.1% | Above ₹5 lakh in the year | IT Act 1961 s.194-O as amended by Finance (No.2) Act 2024 (Bill cl. 61) w.e.f. 1.10.2024Source: indiabudget.gov.in |
| 194-O | 393(1) Table Sl. 8(v) | Sales through an e-commerce operator Payee: Firm, company or other | 0.1% | No threshold | IT Act 1961 s.194-O as amended by Finance (No.2) Act 2024 (Bill cl. 61) w.e.f. 1.10.2024Source: indiabudget.gov.in |
| 194P | 393(1) Table Sl. 8(iii) | Tax of a senior citizen aged 75 or more, deducted by the bank TDS not worked out here | Slab rates | — | IT Act 1961 s.194P inserted by Finance Act 2021 w.e.f. 1.4.2021Source: indiabudget.gov.in |
| 194Q | 393(1) Table Sl. 8(ii) | Purchase of goods (buyer turnover above ₹10 crore) | 0.1% | On the part of the yearly total above ₹50 lakh | IT Act 1961 s.194Q inserted by Finance Act 2021 w.e.f. 1.7.2021 (Bill cls. 48 and 50)Source: indiabudget.gov.in |
| 194R | 393(1) Table Sl. 8(iv) | Benefit or perquisite from business | 10% | Above ₹20,000 in the year | IT Act 1961 s.194R inserted by Finance Act 2022 (Bill cl. 58) w.e.f. 1.7.2022Source: indiabudget.gov.in |
| 194S | 393(1) Table Sl. 8(vi) | Crypto (virtual digital asset), paid by a small individual or HUF | 1% | Above ₹50,000 in the year | IT Act 1961 s.194S inserted by Finance Act 2022 w.e.f. 1.7.2022Source: indiabudget.gov.in |
| 194S | 393(1) Table Sl. 8(vi) | Crypto (virtual digital asset), paid by others | 1% | Above ₹10,000 in the year | IT Act 1961 s.194S inserted by Finance Act 2022 w.e.f. 1.7.2022Source: indiabudget.gov.in |
| 194T | 393(3) Table Sl. 7 | Salary, interest or commission paid by a firm to a partner | 10% | Above ₹20,000 in the year | IT Act 1961 s.194T inserted by Finance (No.2) Act 2024 (Bill cl. 62) w.e.f. 1.4.2025Source: indiabudget.gov.in |
| 195 | 393(2) Table Sl. 17 | Other payments to non-residents TDS not worked out here | Slab rates | — | IT Act 1961 s.195; Part II, First ScheduleSource: indiabudget.gov.in |
| TCS (tax collected at source) | |||||
| 206C(1) Table Sl.(i) | 394(1) Table Sl. 1 | Sale of alcoholic liquor | 1% | No threshold | IT Act 1961 s.206C(1) Table Sl.(i) 'One per cent' (official text, 2020 and 2026 versions); not reduced in the Covid period: s.206C(10A) excludes Sl.(i) (TOLA 2020, Act 38 of 2020, s.4)Source: incometaxindia.gov.in |
| 206C(1) Table Sl.(ii) | 394(1) Table Sl. 2 | Sale of tendu leaves | 5% | No threshold | IT Act 1961 s.206C(1) Table Sl.(ii) 'Five per cent' (official 2026 version, unamended)Source: incometaxindia.gov.in |
| 206C(1) Table Sl.(iii) | 394(1) Table Sl. 3 | Sale of timber obtained under a forest lease | 2% | No threshold | Finance Act 2025 (Act 7 of 2025) s.72(a), w.e.f. 01.04.2025: Sl.(iii) widened and 'two and one-half' replaced by 'two'; Sl.(v) omitted; Explanation defining 'forest produce' inserted (official footnotes 61-64 to s.206C)Source: incometaxindia.gov.in |
| 206C(1) Table Sl.(iv) | 394(1) Table Sl. 3 | Sale of timber obtained otherwise | 2% | No threshold | Finance Act 2025 (Act 7 of 2025) s.72(a), w.e.f. 01.04.2025 (official footnote 62 to s.206C)Source: incometaxindia.gov.in |
| 206C(1) Table Sl.(iii) | 394(1) Table Sl. 3 | Sale of other forest produce obtained under a forest lease | 2% | No threshold | Finance Act 2025 (Act 7 of 2025) s.72(a), w.e.f. 01.04.2025: Sl.(v) omitted; Sl.(iii) now 'Timber or any other forest produce (not being tendu leaves) obtained under a forest lease' at 2%Source: incometaxindia.gov.in |
| 206C(1) Table Sl.(iii) | 394(1) Table Sl. 3 | Sale of other forest produce obtained otherwise | No TCS | — | Finance Act 2025 (Act 7 of 2025) s.72(a), w.e.f. 01.04.2025: Sl.(v) omitted; Sl.(iii) now 'Timber or any other forest produce (not being tendu leaves) obtained under a forest lease' at 2%Source: incometaxindia.gov.in |
| 206C(1) Table Sl.(vi) | 394(1) Table Sl. 4 | Sale of scrap | 1% | No threshold | IT Act 1961 s.206C(1) Table Sl.(vi) 'One per cent' (official 2026 version, unamended)Source: incometaxindia.gov.in |
| 206C(1) Table Sl.(vii) | 394(1) Table Sl. 5 | Sale of coal, lignite or iron ore | 1% | No threshold | IT Act 1961 s.206C(1) Table Sl.(vii) 'One per cent'Source: incometaxindia.gov.in |
| 206C(1C) Table Sl.(i) | 394(1) Table Sl. 9 | Parking lot lease or licence | 2% | No threshold | IT Act 1961 s.206C(1C) Table Sl.(i)Source: incometaxindia.gov.in |
| 206C(1C) Table Sl.(ii) | 394(1) Table Sl. 9 | Toll plaza lease or licence | 2% | No threshold | IT Act 1961 s.206C(1C) Table Sl.(ii)Source: incometaxindia.gov.in |
| 206C(1C) Table Sl.(iii) | 394(1) Table Sl. 9 | Mine or quarry lease or licence | 2% | No threshold | IT Act 1961 s.206C(1C) Table Sl.(iii)Source: incometaxindia.gov.in |
| 206C(1F)(i) | 394(1) Table Sl. 6(a) | Sale of a motor vehicle | 1% | Above ₹10 lakh for one sum | IT Act 1961 s.206C(1F); substituted by Finance (No.2) Act 2024 (Act 15 of 2024) w.e.f. 01.01.2025 as clause (i), rate unchanged (official footnote 64a)Source: incometaxindia.gov.in |
| 206C(1F)(ii) | 394(1) Table Sl. 6(b) | Sale of notified luxury goods (watches, art, yachts, handbags and others) | 22 Apr 2025 to 31 Mar 2026 1% | Above ₹10 lakh for one sum | s.206C(1F)(ii) (Finance (No.2) Act 2024, w.e.f. 01.01.2025); CBDT Notification No. 36/2025 [S.O. 1825(E)] dated 22.04.2025; Income Tax Department TCS Rates page: '10 goods ... subject to 1% TCS under section 206C(1F) effective from 22-04-2025 [Notification No. 36/2025]'Source: incometaxindia.gov.in |
| 206C(1G)(a) 2nd proviso | 394(1) Table Sl. 7(b) | Money sent abroad under LRS (other purposes) | 20% | On the part of the yearly total above ₹10 lakh | Finance Act 2025 (Act 7 of 2025) s.72(b)(i): 'seven lakh' replaced by 'ten lakh' in s.206C(1G) provisos, w.e.f. 01.04.2025 (official footnotes 66, 69, 73); official TCS Rates page: '20% of amount remitted in excess of Rs. 10 lakh'Source: incometaxindia.gov.in |
| 206C(1G)(a) main rate + 1st proviso | 394(1) Table Sl. 7(a) | Money sent abroad under LRS for education or medical treatment | 5% | On the part of the yearly total above ₹10 lakh | Finance Act 2025 s.72(b)(i) (Rs 10 lakh) w.e.f. 01.04.2025 (official footnote 66); official TCS Rates page: 5%, 'No TCS ... if amount of remittance doesn't exceed Rs. 10 lakhs'Source: incometaxindia.gov.in |
| 206C(1G)(a) 3rd proviso | 394(4)(b) | Money sent abroad for education out of an education loan | No TCS | — | Finance Act 2025 s.72(b)(ii): 3rd proviso substituted ('shall not collect the sum if the amount being remitted out is a loan obtained from any financial institution ... for the purpose of pursuing any education'), w.e.f. 01.04.2025 (official footnote 71)Source: incometaxindia.gov.in |
| 206C(1G)(b) main rate + 206C(1G) tour-package proviso | 394(1) Table Sl. 8 | Overseas tour package | 5% 20% | On the yearly total up to ₹10 lakh On the part of the yearly total above ₹10 lakh | Finance Act 2025 s.72(b)(i) (tour proviso 'ten lakh') w.e.f. 01.04.2025 (official footnote 73); official TCS Rates page: '5% on payments up to Rs. 10 lakhs and amounts exceeding Rs. 10 lakhs will be subject to 20%'Finance Act 2025 s.72(b)(i) w.e.f. 01.04.2025 (official footnote 73)Source: incometaxindia.gov.in · incometaxindia.gov.in |
| 206C(1H) | Not in the 2025 Act | Sale of goods (seller turnover above ₹10 crore) | No TCS | — | IT Act 1961 s.206C(1H): proviso inserted by Finance Act 2025 ('nothing contained in this sub-section shall apply from the 1st day of April, 2025', official footnote 74); no equivalent in the Income-tax Act 2025Source: incometaxindia.gov.in |
How the calculator works it out
- Once the threshold is crossed, tax is on the whole sum, except where only the part above it is taxed (purchase of goods, cash withdrawals, LRS remittances, the tour-package slabs, sale of goods). A section that says "exceeds" taxes a sum above the threshold; one that says "or more" or "less than" also taxes a sum equal to it.
- This sum takes the total for the year over the threshold, so tax is also due on the earlier sums of the year. They are included here, assuming no tax was deducted on them.
- Rounded to the nearest rupee, as deductors usually do. No official rule for rounding each deduction was confirmed; sections 288B and 516 round tax payable to the nearest ₹10.
- Reduced rate: a quarter lower for sums paid or credited from 14 May 2020 to 31 March 2021 (Ministry of Finance press release, 13 May 2020). The cut did not apply where the higher rate for no PAN applied.
- The rate or threshold for this date could not be confirmed from an official source, so no amount is given. The figure shown is only for checking.
- For residents, no surcharge or health and education cess is added to TDS or TCS (salary, not worked out here, aside). Payments to non-residents are not worked out here.
TDS and TCS on any date, in your pocket: BooksOn HSNFree · no ads · works offline · rate by date since 1 April 2020 · PDF with "Prepared by" · English, हिन्दी, தமிழ் · new in version 1.0.4.
In the BooksOn HSN app
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- Share the working as a PDF or as text in your client's language, with "Prepared by" (your name, designation and firm) if you want it.
- The rate by date of every section since 1 April 2020, and the rules for no PAN and for non-filers by date.
Questions
What are the new TDS and TCS section numbers from 1 April 2026?
From 1 April 2026 the Income-tax Act, 2025 applies (TDS s.392 and 393, TCS s.394, no PAN s.397); earlier dates come under the Income-tax Act, 1961. The section shown follows the date. For example: Payment to contractors (work, labour or manpower): 194C → 393(1) Table Sl. 6(i); Commission or brokerage: 194H → 393(1) Table Sl. 1(ii); Rent for plant, machinery or equipment: 194-I(a) → 393(1) Table Sl. 2(ii)(a); Rent for land, building or furniture: 194-I(b) → 393(1) Table Sl. 2(ii)(b); Fees for professional services: 194J → 393(1) Table Sl. 6(iii); Fees for technical services, film royalty or call centre: 194J → 393(1) Table Sl. 6(iii); Interest paid by others (company, firm, NBFC): 194A → 393(1) Table Sl. 5(iii); Purchase of immovable property: 194-IA → 393(1) Table Sl. 3(i); Purchase of goods (buyer turnover above ₹10 crore): 194Q → 393(1) Table Sl. 8(ii); Sales through an e-commerce operator: 194-O → 393(1) Table Sl. 8(v); Sale of scrap: 206C(1) → 394(1) Table Sl. 4; Sale of a motor vehicle: 206C(1F) → 394(1) Table Sl. 6(a).
Which date decides the TDS or TCS rate?
For TDS, the date the sum is credited to the payee's account or paid, whichever is earlier; for TCS, the date it is debited to the buyer's account or received, whichever is earlier. Some sections fix another moment, such as payment (salary, EPF, lottery winnings, cash withdrawals), before distribution (dividends), the last month's rent (194-IB) or receipt (TCS on motor vehicles and notified goods under the 1961 Act); the calculator names the date it needs. The rate and threshold in force on that date apply: a sum credited on 31 March 2026 falls under the Income-tax Act, 1961, one credited on 1 April 2026 under the Income-tax Act, 2025.
What is the TDS or TCS rate if the payee has no PAN?
For TDS, the highest of the rate in the section, the rate in force and 20%, or 5% for e-commerce sales and purchase of goods (section 206AA; from 1 April 2026 section 397(2)); under 194-IB the tax cannot exceed the last month's rent, and an EPF withdrawal before 1 April 2023 took the maximum marginal rate. For TCS, twice the rate or 5%, whichever is higher, at most 20% from 1 July 2023 (section 206CC; from 1 April 2026 section 397(2)); 1% under 206C(1H). The 2020-21 Covid cut did not apply where the rate for no PAN applied.
Do sections 206AB and 206CCA still apply?
Non-filers: from 1 July 2021 to 31 March 2025, s.206AB (TDS) and s.206CCA (TCS) set a higher rate for payees or buyers who had not filed returns: twice the rate or 5 per cent, whichever is higher. Both were omitted from 1 April 2025. It is not applied here.
Does Form 15G or 15H stop TDS?
Form 15G or 15H (from 1 April 2026, the declaration under s.393(6)) stops TDS only on the payments the law lists, such as interest, dividend, rent and provident fund. Check whether it covers this payment.
Is this rate chart official?
Reference only, not certified: confirm the rate and threshold in the Act, the Finance Act or the notification before you deduct or collect. BooksOn takes no responsibility.
See also: Income tax calculator · Income tax due date, interest and late fee · For CAs, auditors and tax consultants
Reference only, not certified and not tax advice: confirm the rate and threshold in the Income-tax Act, the Finance Act or the notification before you deduct or collect. The rates are the BooksOn HSN app's table, each with the source named in its row; see Sources & disclaimer.