TDS Reference Guide
Tax Deducted at Source — Income Tax Act 1961 & Income Tax Act 2025
IT Act 1961
IT Act 2025
Effective 01-Apr-2026
Total Provisions
35
Old Act Sections
192 – 194T
New Act Sections
392 & 393
Rate Change
Nil (largely)
Old Act Repealed
31 Mar 2026
Transition Rule |
Payments credited/paid on or before 31 March 2026 are governed by the Income Tax Act, 1961 (Sections 192–194T).
Payments credited/paid on or after 1 April 2026 are governed by the Income Tax Act, 2025 (Sections 392–393).
Rates and thresholds are largely unchanged — only the section reference and nature code used in TDS returns change.
Quoting old section numbers (e.g. 194C, 194J) for post-April 2026 transactions may cause validation errors in TDS returns.
| Category | Nature of Payment | Old Section (1961) | New Section (2025) | Code | TDS Rate | Threshold | Notes |
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