TDS Rate Chart 2026–27

Old ITA 1961 vs New ITA 2025 Sections · New 2025 Payment Codes · Threshold Limits

General Notes

• No surcharge or health & education cess on TDS for non-salary payments to resident individuals and HUFs.
• TDS deposit due: 7th of following month (March: 30 April).
• Quarterly returns: 31 Jul · 31 Oct · 31 Jan · 31 May.
• Verify with CBDT circulars & IT Rules 2026 before filing.

TDS DETAILS

Salary (Sec 192 → 393(1))

• Rate: As per slab
• Notes:
  • Employee submits Form 124 (old 12BB)
  • TDS Certificate: Form 130 (old 16)
  • Perquisites: Form 123 (old 12BA)
  • Arrears: Form 39 (old 10E)
  • New Pay Code – 1001 to 1003

Insurance Commission & Brokerage

Section	Nature	Rate	Code	Threshold
194D	Insurance Commission – Individuals	5%	1005	20,000
194D	Insurance Commission – Companies	10%	1005	20,000
194H	Commission/Brokerage (excluding securities & insurance)	2%	1006	20,000

Rent & Property

Section	Nature	Rate	Code	Threshold
194I	Rent – Plant & Machinery	2%	1008	50,000/month
194I	Rent – Land/Building/Furniture	10%	1009	50,000/month
194IB	Rent (Ind/HUF non-audit)	2%	—	50,000/month
194IA	Property Purchase	1%	—	50,00,000

Interest

Section	Nature	Rate	Code	Threshold
194A	Senior Citizens	10%	1020	1,00,000
194A	Others	10%	1021	50,000
194A	Others (NBFC etc.)	10%	1022	10,000

Contractors

Section	Nature	Rate	Code	Threshold
194C	Individual/HUF	1%	1023	30K/txn · 1L aggregate
194C	Company/Firm	2%	1024	30K/txn · 1L aggregate

Professional / Technical

Section	Nature	Rate	Code	Threshold
194J	Technical services	2%	1026	50,000
194J	Professional services	10%	1027	50,000
194J	Director fees	10%	1028	—

Other Payments

Section	Nature	Rate	Code	Threshold
194	Dividend	10%	1029	10,000
194DA	Life Insurance	2%	1030	1,00,000
194Q	Purchase of Goods	0.10%	1031	50,00,000
194R	Perquisites	10%	1033/34	20,000

Winnings

Section	Nature	Rate	Code	Threshold
194B	Lottery/Games	30%	1058/59	10,000/txn
194BA	Online Games	30%	1060/61	No limit
194BB	Horse Race	30%	1062	10,000/txn

Partner Payments (New)

Section	Nature	Rate	Code	Threshold
194T	Partner remuneration/interest	10%	1067	20,000

Key Notes

• No PAN → higher of rate or 20% (Sec 206AA)
• 194Q overrides 206C(1H)
• Certificates:
  • Form 130 (Salary)
  • Form 131 (Non-salary)
  • Form 168 (26AS equivalent)
• Lower deduction: Form 128 (old Form 13)

TCS Rate Chart 2026–27

General Notes

• No TCS for Govt, embassy, or lower/nil certificate holders
• Deposit due: 7th of next month (March: 30 April)
• Returns: 31 Jul · 31 Oct · 31 Jan · 31 May

Specified Goods

Nature	Rate	Code
Alcohol	2%	1068
Tendu Leaves	2%	1069
Timber (forest lease)	2%	1070
Timber (other)	2%	1071
Forest produce	2%	1072
Scrap	2%	1073
Minerals	2%	1074

Motor Vehicles

Nature	Rate	Code	Threshold
Motor Vehicle	1%	1075	>10 lakh
Notified Goods	1%	1076–85	>10 lakh

LRS & Foreign

Nature	Rate	Code	Threshold
Education/Medical	2%	1086	>10 lakh
Other remittance	20%	1087	>10 lakh
Tour Package ≤10L	2%	1088	≤10 lakh
Tour Package >10L	2%	1089	>10 lakh

Others

Nature	Rate	Code
Parking	2%	1090
Toll	2%	1091
Mining	2%	1092

Key Notes

No PAN → TCS doubles (206CC)

• Education loan → 2% (not 20%)
• 206C(1H): 0.1% on sale of goods (>₹10Cr turnover, >₹50L buyer threshold)
• Certificate: Form 133 (old 27D)

New Income Tax Forms 2026–27

Key Highlights

• Effective 1 April 2026
• Old forms replaced from AY 2027–28
• Form 121 replaces 15G & 15H

Forms Summary

Declarations

Old Form	Purpose	New Form
15G/15H	No TDS declaration	121
12BB	Investment declaration	124
12BA	Perquisites	123
10E	Arrears relief	39
67	Foreign tax credit	44
13	Lower/Nil TDS	128

Certificates

Old Form	Purpose	New Form
16	Salary TDS	130
16A	Non-salary TDS	131
27D	TCS certificate	133
26AS	Annual statement	168

Returns

Old Form	Purpose	New Form
24Q	Salary TDS return	138
26Q	Non-salary TDS	140
26QB/QC/QD/QE	Property/Rent/VDA	141
27Q	Non-resident TDS	144

Other Forms

Old Form	Purpose	New Form
15CA	Foreign remittance	145
15CB	CA certificate	146
3CA/3CB/3CD	Tax audit	26