This annexure presents a comprehensive mapping of existing Tax Deducted at Source (TDS) provisions under the Income-tax Act, 1961 to the revised framework introduced under the Income-tax Act, 2025, effective from 1 April 2026. It is designed as a ready-reference tool for accounts, finance, and statutory audit professionals to ensure smooth transition and compliance with the updated law.
The table systematically aligns old TDS sections with newly introduced sections and standardized "Nature Codes", bringing uniformity and simplification to TDS reporting and compliance. Most of the earlier provisions are consolidated primarily under new Sections 392 (for salary-related payments) and 393 (for non-salary payments), with distinct nature codes assigned to identify the specific type of transaction.
ANNEXURE - MASTER MAPPING TABLE
Old TDS Sections vs New Section & Nature Code
As per the Income-tax Act, 2025 (Effective from 01-04-2026)
For Accounts / Finance / Statutory Audit Compliance
Mapping -Major Old TDS Sections to New Law (Ready Reference)
|
Sl. No. |
Old Section (Income-tax Act 1961) |
Nature of Payment |
New Section (IT Act 2025) |
Nature Code |
Standard Rate |
Threshold Limit |
|
1 |
192 |
Salary |
392 |
S01 |
Slab rate |
Nil |
|
2 |
192A |
EPF withdrawal |
392 |
S04 |
10% |
Rs 50,000 |
|
3 |
192B |
Perquisites / ESOP |
392 |
S02 |
Slab rate |
Nil |
|
4 |
193 |
Interest on securities |
393 |
NS16 |
10% |
Rs 10,000 |
|
5 |
194 |
Dividend |
393 |
NS08 |
10% |
Rs 10,000 |
|
6 |
194A |
Interest (other than securities) |
393 |
NS07 |
10% |
Rs 10,000 Rs 40,000 / Rs 50,000 |
|
7 |
194B |
Lottery/game winnings |
393 |
NS19 |
30% |
Rs 10,000 |
|
8 |
194BB |
Horse race winnings |
393 |
NS21 |
30% |
Rs 10,000 |
|
9 |
194C |
Contract / Work |
393 |
NS01 |
1% / 2% |
Rs 30,000 / Rs 1,00,000 |
|
10 |
194D |
Insurance commission |
393 |
NS10 |
5% / 10% |
Rs 15,000 / Rs 20,000 |
|
11 |
194DA |
Life insurance payout |
393 |
NS22 |
2% |
Rs 1,00,000 |
|
12 |
194E |
Payment to a non-resident sportsman |
393 |
NS23 |
20% |
Nil |
|
13 |
194EE |
NSS withdrawal |
393 |
NS24 |
10% |
Rs 2,500 |
|
14 |
194G |
Lottery commission |
393 |
NS26 |
2% |
Rs 20,000 |
|
15 |
194H |
Commission / Brokerage |
393 |
NS04 |
2% |
Rs 20,000 |
|
16 |
194I |
Rent |
393 |
NS05 / NS06 |
10% / 2% |
Rs 6,00,000 |
|
17 |
194IA |
Purchase of immovable property |
393 |
NS27 |
1% |
Rs 50,00,000 |
|
18 |
194IB |
Rent by Individual / HUF |
393 |
NS28 |
2% |
Rs 50,000 per month |
|
19 |
194IC |
Joint development agreement |
393 |
NS29 |
10% |
Nil |
|
20 |
194J |
Professional / Technical fees |
393 |
NS02 / NS03 |
10% / 2% |
Rs 50,000 |
|
21 |
194K |
Income from mutual fund units |
393 |
NS30 |
10% |
Rs 10,000 |
|
22 |
194LA |
Land acquisition compensation |
393 |
NS17 |
10% |
Rs 5,00,000 |
|
23 |
194LB |
Infrastructure debt fund |
393 |
NS31 |
5% |
Nil |
|
24 |
194LC |
Foreign currency borrowing |
393 |
NS32 |
5% |
Nil |
|
25 |
194M |
Payment by Individual / HUF (contract / professional) |
393 |
NS33 |
5% |
Rs 50,00,000 |
|
26 |
194N |
Cash withdrawal |
393 |
NS20 |
2% / 5% |
Rs 1 crore / Rs 20 lakhs non ITR |
|
27 |
194O |
E-commerce participant |
393 |
NS13 |
0.1% |
Rs 5,00,000 |
|
28 |
194Q |
Purchase of goods |
393 |
NS12 |
0.1% |
Rs 50,00,000 |
|
29 |
194R |
Benefits / Perquisites |
393 |
NS14 |
10% |
Rs 20,000 |
|
30 |
194S |
Virtual digital asset |
393 |
NS15 |
1% |
Rs 50,000/ Rs 10,000 |
|
31 |
195 |
Payment to a non-resident |
393 |
NS18 |
As per DTAA |
Nil |
|
32 |
196A |
Income of non-resident units |
393 |
NS34 |
20% |
Nil |
|
33 |
196B |
Offshore fund income |
393 |
NS35 |
10% |
Nil |
|
34 |
196C |
Foreign company income |
393 |
NS36 |
10% |
Nil |
|
35 |
196D |
Foreign institutional investor |
393 |
NS37 |
20% |
Nil |
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