R. K. Chari & Co. | Chartered Accountants

TDS Quick Reference — FY 2025-26 (AY 2026-27)

Important note on currency: The Finance Act, 2025 has revised several thresholds and rates. Verify every line against the CBDT's official "TDS Rate Chart" PDF on incometaxindia.gov.in before relying on it for a specific payment. This card is a starting reference, not a substitute for the bare Act.

Salary and PF withdrawal

Section	Nature of payment	Threshold	Rate
192	Salary	Tax slab applicable to employee	Average rate based on employee's projected total income
192A	Premature withdrawal from EPF	Rs. 50,000	10% (20% if no PAN)

Interest, dividend, and rent

Section	Nature	Threshold	Rate
193	Interest on securities	Rs. 10,000 (debentures issued by listed companies); nil for others	10%
194	Dividend (other than buyback)	Rs. 5,000	10%
194A	Interest other than securities (e.g., bank FD interest)	Rs. 40,000 (Rs. 50,000 for senior citizens) — bank / co-op bank / post office	10%
194-I(a)	Rent — plant / machinery	Rs. 2.4 lakh per annum (FA 2025: revised to Rs. 50,000/month — verify)	2%
194-I(b)	Rent — land / building / furniture	Same threshold	10%
194-IA	Sale of immovable property (other than agricultural land)	Rs. 50 lakh consideration	1% on consideration
194-IB	Rent paid by individual / HUF not subject to tax audit	Rs. 50,000 per month	5%

Services, commission and professional fees

Section	Nature	Threshold	Rate
194C	Payment to contractor / sub-contractor	Single payment > Rs. 30,000 OR aggregate > Rs. 1,00,000 in FY	Individual / HUF: 1%; Others: 2%
194D	Insurance commission	Rs. 15,000 in FY	5% (individual / HUF); 10% (others)
194H	Commission / brokerage	Rs. 15,000 in FY	5%
194J	Professional / technical / royalty / FTS	Rs. 30,000 in FY	10% (professional); 2% (technical FTS)

Purchase of goods and TCS

Section	Nature	Threshold	Rate
194Q	Purchase of goods from a single seller (applies to buyers with prior-FY turnover > Rs. 10 cr)	Rs. 50 lakh per seller in FY	0.1% on amount above Rs. 50 lakh
206C(1)	TCS on sale of specified items (alcohol, scrap, minerals)	Per Schedule	Per Schedule
206C(1H)	TCS on sale of goods (seller turnover > Rs. 10 cr)	Rs. 50 lakh per buyer	0.1% (now overlapping with 194Q — generally 194Q overrides)

Foreign payments

Section	Nature	Threshold	Rate
195	Any sum chargeable to tax paid to non-resident	None (TDS required for any taxable payment)	Per DTAA or per Act, whichever is more beneficial

When TDS must be deposited

Source: Rule 30 of the Income-tax Rules, 1962.

**Government deductors (book entry)** — same day
**Government deductors (challan payment)** and **non-Government deductors** — 7th of the next month
**Special rule for March deduction** — 30th of April

When TDS return must be filed

**Q1 (Apr-Jun)** — 31st July
**Q2 (Jul-Sep)** — 31st October
**Q3 (Oct-Dec)** — 31st January
**Q4 (Jan-Mar)** — 31st May

Forms: 24Q (salary), 26Q (non-salary domestic), 27Q (payments to non-residents), 27EQ (TCS).

Common errors that trigger 26AS mismatches

TDS deposited with wrong section code
TDS challan paid but TDS return not filed (only deposit doesn't reflect against deductee's PAN)
Wrong PAN of deductee — TDS sits in unmatched challans
Late filing of TDS return — Rs. 200 per day fee under Sec 234E (up to TDS amount)
Failure to deduct or deposit TDS triggers disallowance under Sec 40(a)(ia) in computing the deductor's income

For TDS compliance support including monthly deposit, quarterly return filing, lower / nil deduction certificates, and TDS health checks, please reach out via the contact page.

Section

Nature of payment

Threshold

Rate

192

Salary

Tax slab applicable to employee

Average rate based on employee's projected total income

192A

Premature withdrawal from EPF

Rs. 50,000

10% (20% if no PAN)

Interest, dividend, and rent

Section	Nature	Threshold	Rate
193	Interest on securities	Rs. 10,000 (debentures issued by listed companies); nil for others	10%
194	Dividend (other than buyback)	Rs. 5,000	10%
194A	Interest other than securities (e.g., bank FD interest)	Rs. 40,000 (Rs. 50,000 for senior citizens) — bank / co-op bank / post office	10%
194-I(a)	Rent — plant / machinery	Rs. 2.4 lakh per annum (FA 2025: revised to Rs. 50,000/month — verify)	2%
194-I(b)	Rent — land / building / furniture	Same threshold	10%
194-IA	Sale of immovable property (other than agricultural land)	Rs. 50 lakh consideration	1% on consideration
194-IB	Rent paid by individual / HUF not subject to tax audit	Rs. 50,000 per month	5%

Services, commission and professional fees

Section	Nature	Threshold	Rate
194C	Payment to contractor / sub-contractor	Single payment > Rs. 30,000 OR aggregate > Rs. 1,00,000 in FY	Individual / HUF: 1%; Others: 2%
194D	Insurance commission	Rs. 15,000 in FY	5% (individual / HUF); 10% (others)
194H	Commission / brokerage	Rs. 15,000 in FY	5%
194J	Professional / technical / royalty / FTS	Rs. 30,000 in FY	10% (professional); 2% (technical FTS)

Purchase of goods and TCS

Section	Nature	Threshold	Rate
194Q	Purchase of goods from a single seller (applies to buyers with prior-FY turnover > Rs. 10 cr)	Rs. 50 lakh per seller in FY	0.1% on amount above Rs. 50 lakh
206C(1)	TCS on sale of specified items (alcohol, scrap, minerals)	Per Schedule	Per Schedule
206C(1H)	TCS on sale of goods (seller turnover > Rs. 10 cr)	Rs. 50 lakh per buyer	0.1% (now overlapping with 194Q — generally 194Q overrides)

Section

Nature

Threshold

Rate

195

Any sum chargeable to tax paid to non-resident

None (TDS required for any taxable payment)

Per DTAA or per Act, whichever is more beneficial

Common errors that trigger 26AS mismatches

TDS deposited with wrong section code

TDS challan paid but TDS return not filed (only deposit doesn't reflect against deductee's PAN)

Wrong PAN of deductee — TDS sits in unmatched challans

Late filing of TDS return — Rs. 200 per day fee under Sec 234E (up to TDS amount)

Failure to deduct or deposit TDS triggers disallowance under Sec 40(a)(ia) in computing the deductor's income

For TDS compliance support including monthly deposit, quarterly return filing, lower / nil deduction certificates, and TDS health checks, please reach out via the contact page.

TDS Quick Reference Card — FY 2025-26

TDS Quick Reference — FY 2025-26 (AY 2026-27)

Salary and PF withdrawal

Interest, dividend, and rent

Services, commission and professional fees

Purchase of goods and TCS

Foreign payments

When TDS must be deposited

When TDS return must be filed

Common errors that trigger 26AS mismatches

Sources

TDS Quick Reference Card — FY 2025-26

TDS Quick Reference — FY 2025-26 (AY 2026-27)

Salary and PF withdrawal

Interest, dividend, and rent

Services, commission and professional fees

Purchase of goods and TCS

Foreign payments

When TDS must be deposited

When TDS return must be filed

Common errors that trigger 26AS mismatches

Sources