📊 TDS Rate Chart (Old vs New) + TDS Return Forms Mapping

TDS Rate Chart (Old vs New) + TDS Return Forms Mapping

🔹 A. Salary & Employee Payments

Nature

Old Sec

New Sec

Threshold

Rate

Explanation

Salary

192

392

Basic exemption

Slab

Employer deducts TDS based on estimated annual income including salary, bonus & perquisites

EPF Withdrawal

192A

392

₹50,000

10%

Applicable when PF withdrawn before 5 years of service

🔹 B. Interest / Dividend / Investment

Nature

Old Sec

New Sec

Threshold

Rate

Explanation

Bank Interest

194A

393

₹50,000

10%

TDS on FD/Bank interest when exceeding limit

Senior Citizen Interest

194A

393

₹1,00,000

10%

Higher exemption limit for senior citizens

Other Interest

194A

393

₹10,000

10%

Interest from non-bank sources

Interest on Securities

193

393

₹10,000

10%

Govt bonds, debentures

Dividend

194

393

₹10,000

10%

Paid by companies to shareholders

Mutual Fund Income

194K

393

₹10,000

10%

Income from mutual funds (excluding capital gains)

🔹 C. Contractor / Professional Payments


Nature

Old Sec

New Sec

Threshold

Rate

Explanation

Contractor (Individual/HUF)

194C

393

₹30K / ₹1L

1%

Payment for work contracts

Contractor (Others)

194C

393

₹30K / ₹1L

2%

Applicable to companies/firm contractors

Professional Fees

194J

393

₹50,000

10%

CA, lawyer, doctor, consultant

Technical Services

194J

393

₹50,000

2%

Technical or IT services

Director Remuneration

194J

393

No limit

10%

Sitting fees or remuneration to directors

🔹 D. Commission / Brokerage / Insurance


Nature

Old Sec

New Sec

Threshold

Rate

Explanation

Commission/Brokerage

194H

393

₹20,000

2%

Agent commission, brokerage

Insurance Commission

194D

393

₹20,000

2%

Paid to insurance agents

Lottery Commission

194G

393

₹20,000

2%

Commission for lottery ticket sales

🔹 E. Rent & Property (VERY IMPORTANT)

Nature

Old Sec

New Sec

Threshold

Rate

Explanation

Rent – Land/Building

194I

393

₹6,00,000

10%

Office/warehouse rent

Rent – Plant/Machinery

194I

393

₹6,00,000

2%

Machinery or equipment rent

Rent (Individual)

194IB

393

₹50K/month

2%

Individual paying high rent

Property Purchase

194IA

393

₹50,00,000

1%

Buyer deducts TDS on purchase

🔹 F. Special Income (High TDS Cases)

Nature

Old Sec

New Sec

Threshold

Rate

Explanation

Lottery Winnings

194B

393

₹10,000

30%

Flat high rate income

Online Gaming

194BA

393

No limit

30%

TDS on gaming winnings

Horse Race

194BB

393

₹10,000

30%

Betting income

Insurance Maturity

194DA

393

₹1,00,000

5%

Non-exempt policy proceeds

Securitization Trust

194LBC

393

No limit

10%

Income from securitization

🔹 G. Business / Compliance Sections (VERY IMPORTANT FOR CA)

Nature

Old Sec

New Sec

Threshold

Rate

Explanation

Purchase of Goods

194Q

393

₹50L

0.1%

Buyer deducts TDS on large purchases

E-commerce

194O

393

₹5L

0.1%

Platform deducts TDS

Benefit/Perquisite

194R

393

₹20,000

10%

Free gifts, incentives

Virtual Digital Assets

194S

393

₹10,000

1%

Crypto transactions

🔹 H. Capital / Land / NRI

Nature

Old Sec

New Sec

Threshold

Rate

Explanation

Land Compensation

194LA

393

₹5,00,000

10%

Govt acquisition

NRI Payments

195

393

No limit

20%+

Subject to DTAA

🔹 I. Newly Important Section


Nature

Old Sec

New Sec

Threshold

Rate

Explanation

Partner Payment

194T

393

₹20,000

10%

Salary/interest paid to partners

​
📄 TDS Return Forms (Old vs New Mapping)

🔹
 Quarterly TDS Returns

Nature of TDS

Old Form

New Form (2026 onwards)

Salary

Form 24Q

Form 138

Non-Salary (Resident)

Form 26Q

Form 140

Non-Salary (Non-Resident)

Form 27Q

Form 144

🔹
 TDS Certificates

Nature

Old Form

New Form

Salary

Form 16

Form 130

Non-Salary

Form 16A

Form 131

🔥
 Key Takeaways (VERY IMPORTANT)

✅
 1. Rates = No Major Change

  • TDS percentages remain largely unchanged

✅
 2. Sections = Completely Changed

  • Old: Multiple sections (192–194 series)
  • New:
    • Section 392 → Salary
    • Section 393 → All other payments

✅
 3. Forms = Renumbered

  • 24Q → 138
  •  
  • 26Q → 140
  • 27Q → 144

✅
 4. System Shift

  • From Section-based → Code/Table-based reporting

⚠️
 Important Compliance Notes

  • TDS deduction timing → earlier of payment or credit
  • Deposit → 7th of next month
  • Returns → Quarterly (same due dates)
  • Higher TDS rules (PAN / non-filer) → continue conceptually

✅
 Conclusion

The transition to the new tax framework simplifies compliance:

  • Same rates → Less confusion
  • Fewer sections → Easier application
  • New forms → Standardized reporting


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