COMPARATIVE CHART SHOWING DESCRIPTION & SECTION OF TDS IN IT ACT 1961 & IT ACT 2025

The Income Tax Act, 2025 consolidates over 60 old TDS sections into two core sections: Section 392 (for Salaries) and Section 393 (a singular master table for all Non-Salary payments). Reporting is now driven by four-digit Numeric Payment Codes (e.g., Code 1023 for contractors, Code 1027 for professional fees) rather than separate sections, utilizing updated returns like Form 138 and Form 140 to streamline compliance.