TDS Rate Chart FY 2026-27
Search by challan payment code, Section 393(1) table entry or old section number (194A, 194C, 194J) to get the rate and threshold for FY 2026-27.
| Codes to be used in Returns | Old Section | Nature of Payment | New Section (IT Act 2025) | Rates (%) | Threshold (₹) |
|---|---|---|---|---|---|
| 1004 | 192 | Any payment of accumulated balance due to an employee | 392(7) | - | - |
| 1005 | 194D | Commission or brokerage - insurance | 393(1) [Table: Sl. No. 1(i)] | 2% in case for Individual 10% in case for Others | 20,000 |
| 1006 | 194H | Commission or Brokerage - others | 393(1) [Table: Sl. No. 1(ii)] | 2% | 20,000 |
| 1008 | 194I(a) | Rent on machinery etc.- specified person | 393(1) [Table: Sl. No. 2(ii).D(a)] | 2% | ₹ 50,000 per month |
| 1009 | 194I(b) | Rent other than machinery etc.- specified person | 393(1) [Table: Sl. No. 2(ii).D(b)] | 10% | ₹ 50,000 per month |
| 1011 | 194IC | Payment on any consideration, not being consideration in kind, under the agreement referred to in section 67(14) | 393(1) [Table: Sl. No. 3(ii)] | 10% | - |
| 1012 | 194IA | Payment of Compensation on Acquisition of Certain Immovable Property | 393(1) [Table: Sl. No. 3(iii)] | 10% | ₹ 5 Lakh |
| 1013 | 194K | Income payable to a resident assessee in respect of Units of a specified Mutual Fund specified under Schedule VII (Table: Sl. No. 20 or 21) or units from the Administrator of the specified undertaking or units from specified company | 393(1) [Table: Sl. No. 4(i)] | 10% | 10,000 |
| 1014 | 194LBA | Certain income in the form of interest from units of a business trust to a resident unit holder | 393(1) [Table: Sl. No. 4(ii)] | 10% | - |
| 1015 | 194LBA | Certain income in the form of dividend from units of a business trust to a resident unit holder | 393(1) [Table: Sl. No. 4(ii)] | 10% | - |
| 1017 | 194LBB | Any income, other than that proportion of income which is exempt under Schedule V [Table: Sl. No. 2], in respect of units of an investment fund specified in section 224, payable to its unitholder. | 393(1) [Table: Sl. No. 4(iii)] | 10% | - |
| 1018 | 194LBC | Any income, in respect of an investment in a securitisation trust specified in section 221 to an investor. | 393(1) [Table: Sl. No. 4(iv)] | 10% | - |
| 1019 | 193 | Any income by way of Interest on securities | 393(1) [Table: Sl. No. 5(i)] | 10% | 10,000 |
| 1020 | 194A | Any income by way of interest other than interest on securities, in case of deductee/payee is a senior citizen | 393(1) [Table: Sl. No. 5(ii).D(a)] | 10% | 1,00,000 |
| 1021 | 194A | Any income by way of interest other than interest on securities, in case of deductee/payee is other than senior citizen | 393(1) [Table: Sl. No. 5(ii).D(b)] | 10% | 50,000 |
| 1022 | 194A | Any income being interest other than interest on securities | 393(1) [Table: Sl. No. 5(iii)] | 10% | 10,000 |
| 1023 | 194C | Any sum for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and a designated person - if contractor is individual or Hindu undivided family | 393(1) [Table: Sl. No. 6(i).D(a)] | 1% in case for Individual 2% in case for Others | (a) - 30000 for any such sum; and (b) - 100000 in case of aggregate of such sums. |
| 1024 | 194C | Any sum for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and a designated person - if contractor is a person other than individual or Hindu undivided family | 393(1) [Table: Sl. No. 6(i).D(b)] | 1% in case for Individual 2% in case for Others | (a) - 30000 for any such sum; and (b) - 100000 in case of aggregate of such sums. |
| 1026 | 194J(a) | Any sum by way of - (a) fees for technical services (not being a professional services); or (b) royalty in the nature of consideration for sale, distribution or exhibition of cinematographic films; or (c) payee, engaged only in the business of operation of call centre | 393(1) [Table: Sl. No. 6(iii).D(a)] | 2% | 50,000 |
| 1027 | 194J(b) | Any sum by way - (a) fees for professional services; or (b) any sum referred to in section 26(2)(h) | 393(1) [Table: Sl. No. 6(iii).D(b)] | 10% | 50,000 |
| 1028 | 194J(b) | Any sum by way of remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 392, to a director of a company | 393(1) [Table: Sl. No. 6(iii).D(b)] | 10% | - |
| 1029 | 194 | Any dividends (including on preference shares) declared. | 393(1) [Table: Sl. No. 7] | 10% | ₹ 10,000 (Individual) |
| 1030 | 194DA | Any sum under a life insurance policy, including the sum allocated as bonus on such policy, other than the amount not includible in the total income under Schedule II [Table: Sl. No. 2] | 393(1) [Table: Sl. No. 8(i)] | 2% | ₹ 1 lakh |
| 1031 | 194Q | Any sum for purchase of any goods | 393(1) [Table: Sl. No. 8(ii)] | 0.1% | in excees of - 50 lakh |
| 1033 | 194R | Any benefit or perquisite, whether convertible into money or not, arising from business or the exercise of a profession of any resident. | 393(1) [Table: Sl. No. 8(iv)] | 10% | 20,000 |
| 1034 | 194R | Any benefit or perquisite, whether in cash or in kind or partly in cash and partly in kind, whether convertible into money or not, arising from business or the exercise of a profession of any resident. | 393(1) [Table: Sl. No. 8(iv)] Note 6 | 10% | 20,000 |
| 1035 | 194O | Sale of goods or provision of services by an e-commerce participant, facilitated by an e-commerce operator through its digital or electronic facility or platform. - any e commerce operator | 393(1) [Table: Sl. No. 8(v)] | 0.1% | ₹ 5 Lakh (Individual/HUF) |
| 1037 | 194S | Any sum by way of consideration for transfer of a virtual digital asset by other than Individual or Hindu Undivided Family | 393(1) [Table: Sl. No.- 8(vi)] | 1% | 10,000 |
| 1038 | 194SP | Any sum by way of consideration, whether in cash or in kind or partly in cash and partly in kind, for transfer of a virtual digital asset. | 393(1) [Table: Sl. No. 8(vi)] Note 6 | 1% | 10,000 |
| 1058 | 194B | Any income by way of winnings (other than winnings from Sl. No. 2 of the table at section 393(3)) from - (a) any lottery; or (b) crossword puzzle; or (c) card game and other game of any sort; or (d) gambling or betting of any form or nature whatsoever | 393(3) [Table: Sl. No. 1] | 30% | ₹ 10,000 in case of a single transcations |
| 1059 | 194B | Any income by way of winnings (other than winnings from Sl. No. 2 of the table at section 393(3)) from-- (a) any lottery; or (b) crossword puzzle; or (c) card game and other game of any sort; or (d) gambling or betting of any form or nature whatsoever where consideration, is made in kind or cash is not sufficient to meet the tax liability and tax has been paid before such winnings are released | 393(3) [Table: Sl. No. 1] Note 2 | 30% | ₹ 10,000 in case of a single transcations |
| 1060 | 194BA | Any income by way of winnings from online game. | 393(3) [Table: Sl. No. 2] | 30% | - |
| 1061 | 194BA | Any income by way of winnings from online games, is made in kind or cash is not sufficient to meet the tax liability and tax has been paid before such winnings are released | 393(3) [Table: Sl. No. 2] Note 2 | 30% | ₹ 10,000 in case of a single transcations |
| 1062 | 194BB | Any income by way of winnings from any horse race. | 393(3) [Table: Sl. No. 3] | 30% | ₹ 10,000 in case of a single transcations |
| 1063 | 194G | Any income, credited or paid to a person, who is or has been stocking, distributing, purchasing or selling lottery tickets, by way of commission, remuneration or prize (by whatever name called) on such tickets | 393(3) [Table: Sl. No. 4] | 2% | 20,000 |
| 1064 | 194N | Payment of certain amounts in cash by bank/ post office / co-operative society to a deductee being a co-operative society | 393(3) [Table: Sl. No.- 5.D(a)] | 2% | ₹ 3 Crore |
| 1065 | 194N | Payment of certain amounts in cash by bank/ post office / co-operative society to a deductee being a person other than co-operative society | 393(3) [Table: Sl. No.- 5.D(b)] | 2% | ₹ 1 Crore |
| 1066 | 194EE | Any amount referred to in section 80CCA(2)(a) of the Income-tax Act, 1961 (43 of 1961). | 393(3) [Table: Sl. No. 6] | 10% | 2,500 |
| 1067 | 194T | Any sum in the nature of salary, remuneration, commission, bonus or interest paid to a partner of the firm or credited to his account (including capital account). | 393(3) [Table: Sl. No. 7] | 10% | 20,000 |
What changed for TDS from 1 April 2026
The Income-tax Act, 2025 replaced the Income-tax Act, 1961 from 1 April 2026. The separate TDS sections 193 to 194T have been merged into a few sections with tables:
- Section 392 covers TDS on salary (old section 192).
- Section 393(1) is one table of payments to residents: commission, rent, contracts, professional fees, interest, dividends, purchase of goods and so on. Each entry is cited by its serial number, for example "393(1) Table Sl. No. 6(iii)" for professional fees.
- Section 393(2) covers payments to non-residents, and section 393(3) covers items such as lottery and online-game winnings, cash withdrawals and payments to partners.
Challans and TDS returns now identify each payment by a four-digit payment code (1004 to 1067) instead of the old section number. The chart above maps every code to its old section, new section, rate and threshold, so you can keep using the section numbers you know.
Most used TDS rates for FY 2026-27
| Payment | Old section | Code | Rate | Threshold |
|---|---|---|---|---|
| Contractor - individual / HUF | 194C | 1023 | 1% | ₹30,000 single, ₹1,00,000 a year |
| Contractor - others | 194C | 1024 | 2% | ₹30,000 single, ₹1,00,000 a year |
| Professional fees | 194J(b) | 1027 | 10% | ₹50,000 a year |
| Technical services, call centre | 194J(a) | 1026 | 2% | ₹50,000 a year |
| Rent - land, building, furniture | 194I(b) | 1009 | 10% | ₹50,000 a month |
| Rent - plant and machinery | 194I(a) | 1008 | 2% | ₹50,000 a month |
| Commission or brokerage | 194H | 1006 | 2% | ₹20,000 a year |
| Interest (other than securities) - senior citizen | 194A | 1020 | 10% | ₹1,00,000 a year |
| Interest (other than securities) - others | 194A | 1021 | 10% | ₹50,000 a year |
| Purchase of goods | 194Q | 1031 | 0.1% | Above ₹50 lakh a year |
| Salary, interest, commission to partners | 194T | 1067 | 10% | ₹20,000 a year |
Use the search box in the chart for any other payment. Thresholds for interest depend on the payer: the ₹50,000 and ₹1,00,000 limits apply to banks, co-operative banks and post offices.
TDS due dates
TDS deducted in a month must be deposited by the 7th of the next month. TDS on March deductions can be deposited up to 30 April. Quarterly TDS returns are due on 31 July (April-June), 31 October (July-September), 31 January (October-December) and 31 May (January-March). See every date, with reminders, in our compliance calendar.
What happens if TDS is not deducted or deposited
- Expense disallowed. 30% of an expense on which TDS was not deducted or deposited is disallowed in the payer's business income, until the TDS is paid.
- Interest. Interest is charged for the delay in deducting and in depositing TDS, for each month or part of a month.
- Penalty and late fee. A penalty equal to the TDS not deducted can apply, and a daily fee is charged for each late TDS return.
- No PAN. If the payee does not give a PAN, TDS is generally deducted at a higher rate, usually 20%.
Related tools
- Compliance Calendar - TDS deposit and return dates, plus GST, ROC and income tax deadlines.
- Advance Tax Calculator - instalments due after TDS credit.
- Income Tax Calculator - tax under both regimes for FY 2026-27.
FAQ
Frequently Asked Questions
What is section 393 of the Income-tax Act, 2025?
Section 393 is the main TDS section of the new Act. Sub-section (1) is a table of payments to residents that replaces old sections 193 to 194T, sub-section (2) covers non-residents and sub-section (3) covers winnings, cash withdrawals, partner payments and a few other items.
Which section replaced 194J from 1 April 2026?
Section 393(1), Table Sl. No. 6(iii). Professional fees (old 194J(b)) use payment code 1027 at 10%, and technical services (old 194J(a)) use code 1026 at 2%, each above ₹50,000 a year.
What is the TDS rate on rent for FY 2026-27?
10% on rent for land, buildings and furniture, and 2% on plant and machinery, where rent exceeds ₹50,000 a month. These are payment codes 1009 and 1008, old section 194I.
What is the TDS rate on contractor payments?
1% if the contractor is an individual or HUF and 2% for others. TDS applies when a single payment exceeds ₹30,000 or payments in the year exceed ₹1,00,000. Old section 194C, codes 1023 and 1024.
What are payment codes in TDS?
Four-digit codes that identify the nature of payment in TDS challans and returns from 1 April 2026, replacing old section numbers. For example 1027 is professional fees and 1009 is rent on buildings. The chart on this page lists them all.
When is TDS to be deposited?
By the 7th of the month after deduction, except for March deductions, which can be deposited up to 30 April.
Have TDS rates changed under the new Act?
For most payments the rates and thresholds are the same as under the 1961 Act after the Finance Act, 2025 changes. What changed is the section numbering and the use of payment codes. Check the chart for each payment you make.