TDS Compliance for FY 2026–27
Keeping up with TDS provisions is essential for businesses, employers, accountants, and finance professionals.
This reference chart includes:
• Updated TDS codes under the Income Tax Act, 2025
• Applicable TDS rates
• Threshold limits
• Effective implementation from 1 April 2026
| Income Tax Act, 2025 | Effe From 1 April, 2026 | Use New Year 2026-27 on Income Tax Portal | Use New Year 2026-27 on Income Tax Portal | New Numeric Codes Replace 194 Series IT Sections |
| Nature of Payment | Old Section (Act 1961) | New Code (IT Act 2025 ) | Rate | Threshold Limit |
| Salary | 192 | 1001 | Slab | Income Tax Slab |
| Interest other than securities | 194A | 1011 | 10% | 10,000 p.a. |
| Contract [Individual / HUF] | 194C | 1021 | 1% | 30000/txn or 1 Lakh p.a. |
| Contract [Others not Individual / HUF] | 194C | 1022 | 2% | 30000/txn or 1 Lakh p.a. |
| Commission / Brokerage | 194H | 1031 | 2% | 20000 p.a. |
| Rent [Land & Building] | 194I | 1041 | 10% | 50000 / Month |
| Professional Fees [Technical Services] | 194J | 1051 | 2% | 50000 p.a. |
| Professional Fees [CA/ Lawyer/ Doctore, etc.] | 194J | 1052 | 10% | 50000 p.a. |
| Professional Fees [Payement to Director other than Salary] | 194J | 1053 | 10% | 50000 p.a. |
| TDS on Purchase of Goods | 194Q | 1061 | 0.10% | 50 Lakh p.a. |
| Perquisites / Benefits | 194R | 1071 | 10% | 20000 p.a. |
| Payment to Partner of Firm And LLP | 194T | 1081 | 10% | 20000 p.a. |
Threshold limits are on the financial year basis unlesss specified otherwise.
Read more at: Representation Regarding Non-Processing of Quarter 4 FY 2025-26 TDS Statements and Taxpayers Problems
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