TDS Slabs
TDS & TCS Master Reference
(Updated for Tax Year 2026–27 under Income Tax Act, 2025)
Master TDS & TCS reference: The tables below present the TDS sections and common TCS items, now aligned with the Income Tax Act, 2025 (effective 1st April 2026). TDS provisions are consolidated under Section 393 and TCS under Section 394, with old section numbers (192, 194A, 194C etc.) retained alongside for reference. Tax Year 2026–27 threshold changes are highlighted separately below.
About this Reference
This page is split into categories for easier reading. The Master Table contains every section with the following columns:
- Section (Old / New) — Old Income Tax Act 1961 section number, with new Section 393/394 table code.
- Nature of Payment — Brief description of the payment type.
- TDS / TCS Rate — The applicable rate(s) — largely unchanged in value, only re-coded
- Threshold / Conditions — Thresholds, special conditions, or notes.
Salary & Employment
192, 192A (EPF) → now reported via Form 130 (replaces Form 16). TDS as per slab / special 10% on premature EPF > ₹50,000.
Interest & Securities
193, 194A, 196D, 196C etc. — now under Section 393 table entries. Typical rates: 10% for many interest items; senior citizen threshold raised to ₹1,00,000.
Dividends & Mutual Funds
194, 194K. 10% threshold ₹10,000 continues.
Lottery / Gaming
194B, 194BB, 194BA — still 30% withholding; online gaming has no minimum threshold.
Contractors & Professionals
194C, 194J(a), 194J(b), 194M — contractor/professional withholding (1%/2%/2%/10%) unchanged.
Rent & Property
194I, 194IA, 194IC, 194LA — rent threshold now ₹6,00,000/year (was ₹2,40,000).
Non-residents & Offshore
194LB, 194LBA, 194LBB, 194LBC, 194LC, 196B, 196C, 196D. Note: Section 194LD has been deprecated w.e.f. 1 April 2026.
Capital Gains & Misc
Section 195 covers cross-border payments; 195/196 series cover capital gains & royalty.
Highlight Notes (Tax Year 2026–27):
FY 2025–26: Revised thresholds for many sections (see FY Changes table below).
Section 206AB repealed — compliance relief for some deductors.
New Section 194T inserted (TDS on partner’s remuneration at 10%).
194LBC rate for residents reduced to 10% (FY 2025).
192 — Salary
194A — Interest
194C — Contractors
194I — Rent / Property
194J — Professional Fees
194B / 194BB — Winnings
194Q — Purchase of Goods
194T — Partners Remuneration (NEW)
Master TDS/TCS Table:
| Section | Nature of Payment | TDS / TCS Rate | Threshold / Conditions |
|---|---|---|---|
| Salary & Employment | |||
| 192 | Salary | As per income tax slab | Basic exemption limit of employee — TDS as per applicable slab rates |
| 192A | Premature withdrawal from EPF | 10% | Threshold: Rs. 50,000 |
| Interest, Securities & Dividends | |||
| 193 | Interest on Securities | 10% | Threshold: Rs. 10,000 |
| 194 | Dividends | 10% | Threshold: Rs. 10,000 |
| 194A | Interest on bank / post office deposits | 10% | Threshold: Rs. 50,000 |
| Interest on bank / post office deposits (Senior Citizen) | 10% | Threshold: Rs. 1,00,000 | |
| Interest (Others) | 10% | Threshold: Rs. 10,000 | |
| 194K | Payment of dividend by mutual funds | 10% | Threshold: Rs. 10,000 |
| Lottery / Gaming / Winnings | |||
| 194B | Lottery, game shows, gambling winnings | 30% | Threshold: Rs. 10,000 |
| 194BA | Online gaming winnings | 30% | Threshold: — (no threshold shown) |
| 194BB | Winnings from horse races | 30% | Threshold: Rs. 10,000 (aggregate winnings during FY; not single transaction) |
| Contractors, Commission & Professional Services | |||
| 194C | Payment to contractors or sub-contractors | 1% / 2% | Threshold: Rs. 30,000 (single transaction) or Rs. 1,00,000 (in a FY). 1% for individuals & HUF; 2% for others. |
| 194D | Insurance Commission | 2% / 10% | Threshold: Rs. 20,000 — 2% for individuals & HUF, 10% for others |
| 194DA | Payment received – Life insurance policy | 2% | Threshold: Rs. 1,00,000 |
| 194EE | Payment received – National Savings Scheme (NSS) | 10% | Threshold: Rs. 2,500 |
| 194G | Commission on Lottery Tickets | 2% | Threshold: Rs. 20,000 |
| 194H | Commission / Brokerage | 2%* | Threshold: Rs. 20,000 — (user dataset noted 2%; earlier template had 5% for different context; follow provided dataset: 2%) |
| 194J(a) | Fees – Technical Services, Call Centre, Royalty, Distribution / Exhibition of Cinematography Films, etc. | 2% | Threshold: Rs. 50,000 |
| 194J(b) | Fees – All other Professional Services | 10% | Threshold: Rs. 50,000 |
| Rent & Immovable Property | |||
| 194I(a) | Rent for Plant & Machinery | 2% | Threshold: Rs. 50,000 |
| 194I(b) | Rent of Land, Building & Furniture | 10% | Threshold: Rs. 50,000 |
| 194IA | Transfer of certain immovable property other than agricultural land | 1% | Threshold: Rs. 50 lakh |
| 194IB | Rent payment by individual / HUF not covered u/s 194I | 2% | Threshold: Rs. 50,000 per month |
| 194IC | Payment under specified Joint Development Agreement | 10% | Threshold: — |
| 194LA | Compensation on transfer of immovable property other than agricultural land | 10% | Threshold: Rs. 5 lakh |
| Non-residents, Business Trusts & Funds | |||
| 194LB | Income by way of interest from infrastructure debt fund (non-resident) | 5% | Threshold: — |
| 194LBA | Certain income from units of a business trust | 10% | Threshold: — |
| 194LBB | Income in respect of investment of investment fund | 10% / 30% / 40% | Residents: 10%; Non-residents: 30%; Foreign companies: 40% |
| 194LBC | Income in respect of investment in securitization trust | 10% / 40% / 10% | Residents: 10%; Non-residents: 40%; For individual & HUF: 10% |
| Miscellaneous & Recent Sections | |||
| 194M | Payment made for Contracts, Brokerage or Professional Fees etc. by Individual and HUF | 2% | Threshold: Rs. 50 lakh |
| 194N | Cash withdrawal in excess of 1 crore during the previous year from 1 or more account | 2% / 2% / 5% | 1 Crore (Rs. 3 Crores if withdrawal by co-operative society) — 2%; 20 Lakh (if ITR not filed for previous 3 years) — 2% (Rs. 20 Lakh – 1 Crore); 5% (Rs. 1 Crore & above) |
| 194O | TDS on e-commerce participants | 0.10% | Threshold: Rs. 5 lakh |
| 194P | TDS in case of Specified Senior Citizen (above 75 years) having Salary & Interest (ITR not required) | Slab Rates | Threshold: — (Special provisions for specified senior citizens) |
| 194Q | TDS on Purchase of Goods exceeding Rs. 50 Lakh | 0.10% | Threshold: Rs. 50 lakh |
| 194R | Benefits or perquisites of business or profession | 10% | Threshold: Rs. 20,000 |
| Virtual Digital Assets | |||
| 194S | Payment of consideration for transfer of virtual digital asset by persons other than specified person | 1% | Threshold: Rs. 10,000 |
| — | Payment of consideration for transfer of virtual digital asset by specified person | 1% | Threshold: Rs. 50,000 |
| Partnerships & Partners | |||
| 194T | Payments by Partnership Firms to Partners (new section) | 10% | Threshold: Rs. 20,000 |
| Special / Duplicate Cases | |||
| 194B | Income by way of lottery winnings, card games, crossword puzzles, and other games of any type | 30% | Nil (Up to Rs. 10,000 per transaction — No TDS needs to be deducted) — user dataset kept phrasing |
| 194E | Payment to non-resident sportsman or entertainer | 20% | Threshold: Nil |
| Business Trust / SPV Specific | |||
| 194LBA(3) | Interest income received or receivable to a business trust from SPV and distribution to its unitholders | 5% | Threshold: Nil |
| — | Dividend income received from SPV by a business trust and distribution to its unitholders | 10% | Threshold: Nil |
| — | Payment in the nature of rental income out of real estate assets owned directly by such business trust to unitholders | 40% | Threshold: Nil |
| Foreign Currency / Bonds / FIIs | |||
| 194LC | Interest for loan borrowed in foreign currency / long-term bonds | 5% / 4% | 5% (general); 4% if interest payable against long-term bonds listed on recognized stock exchange in IFSC |
| 194LD | Interest on rupee-denominated bond to FII or QFI | 5% | Threshold: Nil |
| Section 195 & Capital Gains / Royalty / Fees | |||
| 195 | Payment of any other sum including various capital gains rates / royalty / technical fees (multiple sub-items) | Varied (12.5% / 20% / 35%) | Examples from dataset:
|
| Offshore Funds / Foreign Instruments | |||
| 196B | Income from units of an offshore fund | 10% | Threshold: Nil |
| 196B | Long-term Capital Gain on transfer of units of an offshore fund | 12.50% | Threshold: Nil |
| 196C | Income from foreign currency bonds or GDR of an Indian company | 10% | Threshold: Nil |
| 196C | LTCG on foreign currency bonds or GDR of an Indian company | 12.50% | Threshold: Nil |
| 196D | Income (excluding dividend & capital gain) from Foreign Institutional Investors | 20% | Threshold: Nil |
| Old Section | Previous Threshold (FY 2025-26) | Current Threshold (Tax Year 2026-27) |
|---|---|---|
| 193 – Interest on securities | NIL | 10,000 |
| 194A – Interest other than interest on securities |
(i) 1,00,000 Senior (ii) 50,000 Others via bank/co-op/post (iii) 10,000 Other cases |
Unchanged |
| 194 – Dividend (Individual Shareholder) | 10,000 | Unchanged |
| 194K – Mutual Funds Income | 10,000 | Unchanged |
| 194B / 194BB – Lottery / Horse Race | 10,000 per single transaction | Unchanged |
| 194I – Rent | 6,00,000 (per year) | Unchanged, now reported under Section 393 code |
| 194J – Professional / Technical Fees | 50,000 | Unchanged |
| 194LD | Applicable | Deprecated — not applicable from Tax Year 2026-27 |
| 206C(1) – TCS on Scrap | 1% | Revised to 2% |
| 206C – TCS on Alcoholic Liquor | 1% | Revised to 2% |
Other Tax Year 2026–27 Notes: Entire TDS structure moved to Section 393 (numeric payment codes 1001–1067); TCS moved to Section 394; Form 16, 15G/15H, 26AS and 26A replaced by Forms 130, 121, 168 and 149 respectively; Forms 26QB/26QC/26QD/26QE merged into single Form 141; TAN numbers remain unchanged.
Explainer Blocks
Salary / EPF
192 Salary – TDS as per slab, now certified via Form 130. 192A Premature EPF withdrawal >₹50,000 – 10%.
Interest / Bank
193/194A Interest on securities/bank – typical 10% (senior citizen threshold ₹1,00,000).
Dividends / Mutual Funds
194/194K – 10% above ₹10,000 threshold.
Contractors & Professionals
194C/194J – 1%/2%/10% depending on payer & service.
Rent & Property
194I/194IA/194IB – rent threshold now ₹6,00,000/year.
Winnings & Gaming
194B/194BB/194BA – typically 30% withholding; online gaming has no threshold.
Non-Resident / Offshore
194LB/194LBA/194LBB/194LBC/194LC/196B/196C/196D — note 194LD deprecated.
Virtual Digital Assets
194S: Transfer of VDA – 1% (varies by specified person status).
192 — Salary
193 — Interest on Securities
194A — Bank Interest
194C — Contractors
194J — Professional Fees
194I — Rent
194Q — Purchase of Goods
194T — Partner's Remuneration (NEW)
393 — New TDS Section
394 — New TCS Section
TCS — Common Items (Selected)
Below are common TCS provisions many users reference (inserted as common items — if you want a full statutory TCS matrix I can expand):
| Old Section → New Section | Nature of Receipt | TCS Rate | Threshold / Remarks |
|---|---|---|---|
| 206C(1) → 394(1) | Sale of Alcoholic Liquor for Human Consumption | 2% | No Threshold |
| 206C(1) → 394(1) | Sale of Tendu Leaves | 2% | No Threshold |
| 206C(1) → 394(1) | Sale of Timber & Forest Produce | 2% | Applicable as per law |
| 206C(1) → 394(1) | Sale of Scrap | 2% | Revised Rate |
| 206C(1) → 394(1) | Sale of Coal, Lignite & Iron Ore | 2% | Specified Minerals |
| 206C(1F) → 394(1) | Sale of Motor Vehicle | 1% | Sale Value exceeding ₹10,00,000 |
| 206C(1G) → 394(1) | LRS Foreign Remittance | As Prescribed | Threshold ₹10,00,000 |
| 206C(1G) → 394(1) | Overseas Tour Program Package | As Prescribed | Applicable as per law |
Note: Section 206C(1H) (TCS on Sale of Goods exceeding ₹50 lakh) has been omitted with effect from 1 April 2025. Accordingly, sellers are no longer required to collect TCS under this provision for transactions from FY 2025–26 onwards.
Notes & Next Steps
This page reflects the transition to the Income Tax Act, 2025 (Tax Year 2026–27). Suggested improvements available on request:
- Convert master table into searchable/copyable CSV/Excel download with old-to-new section mapping
- Include exact statutory citations & CBDT notification links for Section 393/394 codes
- Expand TCS matrix with every product category and exact rates
- Add a dedicated "Old vs New Section Code" lookup tool for return filing