Tax Year 2026-27, with the old section against every new one.

Every payment code, the section under the Income-tax Act, 2025, the corresponding section of the 1961 Act, the rate and the threshold — in one searchable table.

From 1 April 2026 the Income-tax Act, 2025 consolidates TDS on salary into section 392, all other TDS into section 393, and TCS into section 394. Challans, quarterly statements and certificates now identify the nature of payment by a four-digit payment code rather than by the legacy 194-series section number. The old section is shown against every entry below so that any figure can be traced back to the 1961 Act and checked against a source you already know.

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93 entries

TDS on payments to residents — Tax Year 2026-27
Code	Old section (1961 Act)	Nature of payment	New section (2025 Act)	Rate	Threshold (₹)
1001	192	Salary — Government employees (other than Union Govt.)	392	—	—
1002	192	Salary — employees other than Government employees	392	—	—
1003	192	Salary — Indian Government employees (Union Govt.)	392	—	—
1004	192A	Payment of accumulated balance due to an employee (recognised provident fund)	392(7)	10%	50,000 (aggregate accumulated balance)
1005	194D	Commission or brokerage — insurance	393(1) [Table: Sl. No. 1(I)]	2% individual · 10% others	20,000
1006	194H	Commission or brokerage — others	393(1) [Table: Sl. No. 1(ii)]	2%	20,000
1008	194I(a)	Rent on machinery etc. — specified person	393(1) [Table: Sl. No. 2(ii).D(a)]	2%	50,000 per month
Pending CBDT confirmation	194-IB	Rent paid by an individual or HUF not liable to tax audit, for land or building	393(1) (Form 26QC — specified transaction return)	2%	50,000 per month or part of a month
1009	194I(b)	Rent other than machinery etc. — specified person	393(1) [Table: Sl. No. 2(ii).D(b)]	10%	50,000 per month
1011	194IC	Consideration (not in kind) under an agreement referred to in section 67(14)	393(1) [Table: Sl. No. 3(ii)]	10%	—
Pending CBDT confirmation	194-IA	Consideration for transfer of immovable property (other than agricultural land)	393(1) [Table: Sl. No. 3(i)]	1%	50,00,000 (higher of consideration or stamp duty value; aggregated across all transferees and transferors)
1012	194LA	Compensation on compulsory acquisition of certain immovable property	393(1) [Table: Sl. No. 3(iii)]	10%	5,00,000
1013	194K	Income on units of a specified Mutual Fund / specified undertaking / specified company	393(1) [Table: Sl. No. 4(i)]	10%	10,000
1014	194LBA	Interest from units of a business trust — resident unit holder	393(1) [Table: Sl. No. 4(ii)]	10%	—
1015	194LBA	Dividend from units of a business trust — resident unit holder	393(1) [Table: Sl. No. 4(ii)]	10%	—
1016	194LBA	Renting income from units of a business trust being a REIT — resident unit holder	393(1) [Table: Sl. No. 4(ii)]	10%	—
1017	194LBB	Income on units of an investment fund specified in section 224	393(1) [Table: Sl. No. 4(iii)]	10%	—
1018	194LBC	Income from investment in a securitisation trust specified in section 221	393(1) [Table: Sl. No. 4(iv)]	10%	—
1019	193	Interest on securities	393(1) [Table: Sl. No. 5(i)]	10%	10,000
1020	194A	Interest other than on securities — payee is a senior citizen	393(1) [Table: Sl. No. 5(ii).D(a)]	10%	1,00,000
1021	194A	Interest other than on securities — payee other than a senior citizen	393(1) [Table: Sl. No. 5(ii).D(b)]	10%	50,000
1022	194A	Interest, being interest other than interest on securities	393(1) [Table: Sl. No. 5(iii)]	10%	10,000
1023	194C	Contractor — where the contractor is an individual or HUF	393(1) [Table: Sl. No. 6(i).D(a)]	1%	30,000 single · 1,00,000 aggregate
1024	194C	Contractor — where the contractor is other than an individual or HUF	393(1) [Table: Sl. No. 6(i).D(b)]	2%	30,000 single · 1,00,000 aggregate
1026	194J(a)	Fees for technical services (not professional) · royalty for cinematographic films · call-centre payee	393(1) [Table: Sl. No. 6(iii).D(a)]	2%	50,000
1027	194J(b)	Fees for professional services · sums referred to in section 26(2)(h)	393(1) [Table: Sl. No. 6(iii).D(b)]	10%	50,000
1028	194J(b)	Remuneration, fees or commission to a director of a company (not covered by section 392)	393(1) [Table: Sl. No. 6(iii).D(b)]	10%	—
Pending CBDT confirmation	194M	Contractual work, commission or brokerage (not insurance commission), or professional fees, paid by an individual or HUF not liable to tax audit and not already deducting under the contractor, commission or professional-fee provisions	393(1) (Form 26QD — specified transaction return)	2%	50,00,000 (aggregate to one payee in the tax year)
1029	194	Dividends, including on preference shares	393(1) [Table: Sl. No. 7]	10%	10,000 (individual)
1030	194DA	Sum under a life insurance policy, including bonus allocated	393(1) [Table: Sl. No. 8(i)]	2%	1,00,000
1031	194Q	Purchase of goods	393(1) [Table: Sl. No. 8(ii)]	0.1%	in excess of 50,00,000
1032	194P	Specified senior citizen — the bank deducts and files on their behalf	393(1) [Table: Sl. No. 8(iii)]	—	—
1033	194R	Benefit or perquisite arising from business or the exercise of a profession	393(1) [Table: Sl. No. 8(iv)]	10%	20,000
1034	194R	Benefit or perquisite provided in kind (Note 6)	393(1) [Table: Sl. No. 8(iv)] Note 6	10%	20,000
1035	194O	Sale of goods or services by an e-commerce participant through an operator	393(1) [Table: Sl. No. 8(v)]	0.1%	5,00,000 (individual / HUF)
Pending CBDT confirmation	194S	Transfer of a virtual digital asset — payer is a specified person (an individual or HUF below the tax-audit turnover threshold, or with no business/professional income)	393(1) [Table: Sl. No. 8(vi)]	1%	50,000 (aggregate to one payee in the tax year)
1037	194S	Transfer of a virtual digital asset — payer other than individual or HUF	393(1) [Table: Sl. No. 8(vi)]	1%	10,000
1038	194SP	Transfer of a virtual digital asset — consideration in kind (Note 6)	393(1) [Table: Sl. No. 8(vi)] Note 6	1%	10,000
1058	194B	Winnings from lottery, crossword puzzle, card game, gambling or betting	393(3) [Table: Sl. No. 1]	30%	10,000 per single transaction
1059	194B	As above, where consideration is in kind (Note 2)	393(3) [Table: Sl. No. 1] Note 2	30%	10,000 per single transaction
1060	194BA	Winnings from an online game	393(3) [Table: Sl. No. 2]	30%	—
1061	194BA	Winnings from an online game, consideration in kind (Note 2)	393(3) [Table: Sl. No. 2] Note 2	30%	—
1062	194BB	Winnings from a horse race	393(3) [Table: Sl. No. 3]	30%	10,000 per single transaction
1063	194G	Commission, remuneration or prize on lottery tickets	393(3) [Table: Sl. No. 4]	2%	20,000
1064	194N	Cash payments by bank / post office / co-operative society — deductee is a co-operative society	393(3) [Table: Sl. No. 5.D(a)]	2%	3,00,00,000
1065	194N	Cash payments by bank / post office / co-operative society — any other deductee	393(3) [Table: Sl. No. 5.D(b)]	2%	1,00,00,000
1066	194EE	Amounts referred to in section 80CCA(2)(a) of the Income-tax Act, 1961	393(3) [Table: Sl. No. 6]	10%	2,500
1067	194T	Salary, remuneration, commission, bonus or interest paid to a partner of a firm	393(3) [Table: Sl. No. 7]	10%	20,000

TDS on payments to non-residents — Tax Year 2026-27
Code	Old section (1961 Act)	Nature of payment	New section (2025 Act)	Rate
1004	192A	Payment of accumulated balance due to an employee (recognised provident fund)	392(7)	10%
1039	194E	Income referred to in section 211	393(2) [Table: Sl. No. 1]	20%
1040	194LC	Interest on monies borrowed in foreign currency (specified loan agreements / long-term infrastructure bonds)	393(2) [Table: Sl. No. 2]	5%
1041	194LD	Interest on rupee denominated bonds issued before 1 July 2023	393(2) [Table: Sl. No. 3]	5%
1042	194LC	Interest on long-term or rupee denominated bonds listed on an IFSC exchange — issued 1 April 2020 to before 1 July 2023	393(2) [Table: Sl. No. 4.E(a)]	4%
1043	194LC	Interest on long-term or rupee denominated bonds listed on an IFSC exchange — issued on or after 1 July 2023	393(2) [Table: Sl. No. 4.E(b)]	9%
1044	194LB	Interest from an infrastructure debt fund payable to a non-resident	393(2) [Table: Sl. No. 5]	5%
1045	194LBA(a)	Distributed income referred to in section 223 — Schedule V [Sl. No. 3.B(a)]	393(2) [Table: Sl. No. 6.E(a)]	5%
1046	194LBA(b)	Distributed income referred to in section 223 — Schedule V [Sl. No. 3.B(b)]	393(2) [Table: Sl. No. 6.E(b)]	10%
1047	194LBC	Distributed income referred to in section 223 — Schedule V [Sl. No. 4]	393(2) [Table: Sl. No. 7]	35% non-resident company · 30% other non-residents
1048	194LBB	Income on units of an investment fund specified in section 224	393(2) [Table: Sl. No. 8]	10% residents · 35% non-resident company · 30% other non-residents
1049	194LBC	Income from an investment in a securitisation trust specified in section 221	393(2) [Table: Sl. No. 9]	10% residents · 35% non-resident company · 30% other non-residents
1050	196A	Income on units of a Mutual Fund under Schedule VII, or from the specified company	393(2) [Table: Sl. No. 10]	20%, or the rate in the agreement, whichever is lower
1051	196B	Income on units referred to in section 208	393(2) [Table: Sl. No. 11]	10%
1052	196B	Long-term capital gains on transfer of units referred to in section 208	393(2) [Table: Sl. No. 12]	12.5%
1053	196C	Interest or dividends on bonds or GDRs referred to in section 209	393(2) [Table: Sl. No. 13]	10%
1054	196C	Long-term capital gains on transfer of bonds or GDRs referred to in section 209	393(2) [Table: Sl. No. 14]	12.5%
1055	196D	Income on securities referred to in section 210(1) [Table: Sl. No. 1]	393(2) [Table: Sl. No. 15]	20%
1056	196D	Income on securities referred to in section 210(1) [Table: Sl. No. 1]	393(2) [Table: Sl. No. 16]	10%
1057	195	Any interest (other than that against Sl. Nos. 2, 3, 4 and 5) or any other sum chargeable under the Act, not being salary	393(2) [Table: Sl. No. 17]	Average rate as applicable

Tax collected at source (TCS) — Tax Year 2026-27
Code	Old section (1961 Act)	Nature of payment	New section (2025 Act)	Rate
1068	206C-A	Sale of alcoholic liquor for human consumption	394(1) [Table: Sl. No. 1]	2%
1069	206C-I	Sale of tendu leaves	394(1) [Table: Sl. No. 2]	2%
1070	206C-B	Sale of timber obtained under a forest lease	394(1) [Table: Sl. No. 3]	2%
1071	206C-C	Sale of timber obtained by any mode other than a forest lease	394(1) [Table: Sl. No. 3]	2%
1072	206C-D	Sale of any other forest produce (not timber or tendu leaves) under a forest lease	394(1) [Table: Sl. No. 3]	2%
1073	206C-E	Sale of scrap	394(1) [Table: Sl. No. 4]	2%
1074	206C-J	Sale of minerals, being coal, lignite or iron ore	394(1) [Table: Sl. No. 5]	2%
1075	206C-L	Sale of a motor vehicle, above the threshold	394(1) [Table: Sl. No. 6.D(a)]	1%
1076	206C-MA	Sale of a wrist watch, above the threshold	394(1) [Table: Sl. No. 6.D(b)]	1%
1077	206C-MB	Sale of an art piece such as an antique, painting or sculpture	394(1) [Table: Sl. No. 6.D(b)]	1%
1078	206C-MC	Sale of collectibles such as a coin or stamp	394(1) [Table: Sl. No. 6.D(b)]	1%
1079	206C-MD	Sale of a yacht, rowing boat, canoe or helicopter	394(1) [Table: Sl. No. 6.D(b)]	1%
1080	206C-ME	Sale of a pair of sunglasses	394(1) [Table: Sl. No. 6.D(b)]	1%
1081	206C-MF	Sale of a bag such as a handbag or purse	394(1) [Table: Sl. No. 6.D(b)]	1%
1082	206C-MG	Sale of a pair of shoes	394(1) [Table: Sl. No. 6.D(b)]	1%
1083	206C-MH	Sale of sportswear and equipment such as a golf kit or ski-wear	394(1) [Table: Sl. No. 6.D(b)]	1%
1084	206C-MI	Sale of a home theatre system	394(1) [Table: Sl. No. 6.D(b)]	1%
1085	206C-MJ	Sale of a horse for horse racing in race clubs, or a horse for polo	394(1) [Table: Sl. No. 6.D(b)]	1%
1086	206C-T	Remittance under the LRS for education or medical treatment (threshold 10,00,000)	394(1) [Table: Sl. No. 7.D(a)]	2%
1087	206C-Q	Remittance under the LRS for purposes other than education or medical treatment (threshold 10,00,000)	394(1) [Table: Sl. No. 7.D(b)]	20%
1088	206C-O	Sale of an overseas tour programme package, up to 10,00,000	394(1) [Table: Sl. No. 8.D(a)]	2%
1089	206C-O	Sale of an overseas tour programme package, above 10,00,000	394(1) [Table: Sl. No. 8.D(b)]	2%
1090	206C-F	Grant of a licence or lease of a parking lot for business (excluding mineral oil mining and quarrying)	394(1) [Table: Sl. No. 9]	2%
1091	206C-G	Grant of a licence or lease of a toll plaza for business (excluding mineral oil mining and quarrying)	394(1) [Table: Sl. No. 9]	2%
1092	206C-H	Grant of a licence or lease of a mine or quarry for business (excluding mineral oil mining and quarrying)	394(1) [Table: Sl. No. 9]	2%

Where PAN is not furnished — section 397(2)

Section 397(2) carries forward the position previously in section 206AA. Every person entitled to receive an amount on which tax is deductible, or paying an amount on which tax is collectible, must furnish a valid PAN. On failure, tax is deducted at the higher of the rate specified in the relevant provision, the rate or rates in force, or 5% where the deduction falls under section 393(1) Table Sl. No. 8(ii) or 8(v) (purchase of goods, and e-commerce participants) — and 20% in any other case.

For collection at source, section 397(2) (formerly 206CC) requires collection at the higher of twice the rate specified in the relevant provision or 5%, not exceeding 20%.

Open the TDS calculator → Compliance calendar →

Position stated as at: Tax Year 2026-27 (chart position as at May 2026). Basis: Income-tax Act, 2025 (in force 1 April 2026) read with the Income-tax Rules, 2026; old section numbers shown for reference to the Income-tax Act, 1961. This tool is provided as general reference information and is not professional advice. Rates, thresholds and procedures change; verify the position against the bare Act, the Rules and current official notifications, or ask the firm, before acting on any figure shown.

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