New TDS/TCS Payment Codes:
1001 to 1092, All Decoded.
The Income Tax Act, 2025 introduces numeric payment codes replacing old section-based identification. This is the complete, searchable reference — every TDS code (salary, resident, non-resident) and every TCS code, mapped to old sections with applicable rates, drawn from Draft Forms 138, 140, 143, and 144.
Search by old section number (e.g. 194C), new code (e.g. 1023), or payment type (e.g. contractor · dividend · lottery)
All TDS/TCS challans and quarterly returns (Forms 138, 140, 143, 144) filed for payments made from April 1, 2026 must use these numeric codes. Quoting old section numbers in new-Act returns will make them defective. This page is your transition reference — bookmark it.
Section Numbers Are Out. New TDS and TCS Payment Codes Are In.
Under the Income Tax Act, 1961, TDS identification was section-based: you cited 194C for contractors, 194J for professional fees, 195 for non-resident payments. Each section was standalone legislation with its own threshold, rate, and penalty provision. With over 60 such sections, the compliance burden was immense.
The Income Tax Act, 2025 consolidates everything into three parent sections — 392 (salary), 393 (TDS other payments), and 394 (TCS) — and introduces numeric payment codes as the new identification mechanism for return filing and challan reporting. These codes are drawn from the Notes to Draft Forms 138, 140, 143, and 144.
Salary TDS
Quarterly statement for TDS on salary (Section 392) and specified senior citizen payments. Codes 1001–1004.
Non-Salary TDS (Residents)
All non-salary payments to residents and any-person TDS. Codes 1005–1038 and 1058–1067.
TCS Returns
Quarterly TCS collection statement (Section 394). Codes 1068–1092.
Non-Resident TDS
Payments to non-residents (Section 393(2)). Codes 1039–1057, plus code 1004 and 1058–1067 where applicable.
Payment codes are drawn from the Notes to Draft Forms 138, 140, 143, and 144 under the Draft Income Tax Rules, 2025. These are draft rules — final notification by CBDT is pending. Rates and threshold limits are unchanged from the Income Tax Act, 1961 unless explicitly noted. This page will be updated upon final notification.
Section 392 — Salary Payment Codes: 1001–1004
Section 392 replaces Sections 192 and 192A of the old Act. Four codes cover all salary and EPF-related deductions. Salary TDS is reported in Form 138. Code 1004 (EPF withdrawal) also appears in Form 144 when the employee is a non-resident.
| Code | New Section (Act 2025) | Nature of Payment | Old Section (Act 1961) | Rate |
|---|---|---|---|---|
| A — SALARY PAYMENTS | Section 392 | Form 138 | ||||
| 1001 | 392 | Salary — Government employees (other than Union Govt.) | 192 | Slab |
| 1002 | 392 | Salary — Employees other than Government employees | 192 | Slab |
| 1003 | 392 | Salary — Indian Government employees (Union Govt.) | 192 | Slab |
| 1004 | 392(7) | EPF Withdrawal — accumulated balance due to employee (EPF Scheme 1952). Also applicable for non-resident employees in Form 144. | 192A | 10% |
Section 393(1) — Payments to Residents: 1005–1038
The largest block. All non-salary TDS on payments to resident payees lives here, structured as tables within Section 393(1). These codes appear in Form 140. Sub-sections mirror the internal table structure: commissions, rent, property, investment income, interest, contracts and professional fees, dividends, and miscellaneous payments.
Old Section 194J has been split. Code 1026 at 2% covers technical services, royalty on cinematographic films, and call centre fees. Codes 1027 and 1028 at 10% cover professional services and director fees respectively. Using 1026 where 1027 applies is an under-deduction — review all professional and technical vendor payments carefully.
| Code | New Section (Act 2025) | Nature of Payment | Old Section (Act 1961) | Rate |
|---|---|---|---|---|
| B — PAYMENTS TO RESIDENTS | Section 393(1) | Form 140 | ||||
| Commission & Brokerage [Sl. No. 1] | ||||
| 1005 | 393(1)[Sl.1(i)] | Insurance Commission | 194D | 5% |
| 1006 | 393(1)[Sl.1(ii)] | Commission or Brokerage (other than insurance) | 194H | 5% |
| Rent [Sl. No. 2] | ||||
| 1007* | 393(1)[Sl.2(i)] | Rent — Individual/HUF (non-audit), ₹50,000/month or more Inferred | 194IB | 2% |
| 1008 | 393(1)[Sl.2(ii).D(a)] | Rent of Plant, Machinery or Furniture | 194I(a) | 2% |
| 1009 | 393(1)[Sl.2(ii).D(b)] | Rent of Land, Building or Furniture (other than plant/machinery) | 194I(b) | 10% |
| Immovable Property [Sl. No. 3] | ||||
| 1010* | 393(1)[Sl.3(i)] | Transfer of Immovable Property (buyer deducts TDS on consideration) Inferred | 194IA | 1% |
| 1011 | 393(1)[Sl.3(ii)] | Monetary consideration under Joint Development Agreement — Section 67(14) | 194IC | 10% |
| 1012 | 393(1)[Sl.3(iii)] | Compensation on compulsory acquisition of immovable property | 194LA | 10% |
| Investment Income — Mutual Funds, Business Trusts, AIFs [Sl. No. 4] | ||||
| 1013 | 393(1)[Sl.4(i)] | Income from units of specified Mutual Fund / Administrator of specified undertaking / specified company | 194K | 10% |
| 1014 | 393(1)[Sl.4(ii)] | Income from units of Business Trust — Interest (to resident unit holder) | 194LBA | 10% |
| 1015 | 393(1)[Sl.4(ii)] | Income from units of Business Trust — Dividend (to resident unit holder) | 194LBA | 10% |
| 1016 | 393(1)[Sl.4(ii)] | Income from units of Business Trust — Rent (REIT, to resident unit holder) | 194LBA | 10% |
| 1017 | 393(1)[Sl.4(iii)] | Income from AIF (Category I or II, Section 224) to resident unit holders — non-exempt portion | 194LBB | 10% |
| 1018 | 393(1)[Sl.4(iv)] | Income from Securitisation Trust (Section 221) to resident investors | 194LBC | 25% |
| Interest [Sl. No. 5] | ||||
| 1019 | 393(1)[Sl.5(i)] | Interest on Securities | 193 | 10% |
| 1020 | 393(1)[Sl.5(ii).D(a)] | Interest from Bank/Post Office deposits — payee is a Senior Citizen | 194A | 10% |
| 1021 | 393(1)[Sl.5(ii).D(b)] | Interest from Bank/Post Office deposits — payee is not a Senior Citizen | 194A | 10% |
| 1022 | 393(1)[Sl.5(iii)] | Interest by other specified payers — not a Bank or Post Office (non-bank interest) | 194A | 10% |
| Contracts & Professional Fees [Sl. No. 6] | ||||
| 1023 | 393(1)[Sl.6(i).D(a)] | Contract Payment — contractor is an Individual or HUF | 194C | 1% |
| 1024 | 393(1)[Sl.6(i).D(b)] | Contract Payment — contractor is a person other than Individual or HUF | 194C | 2% |
| 1025* | 393(1)[Sl.6(ii)] | Payment by Individual/HUF (non-audit) to Contractor, Professional, or for Commission Inferred | 194M | 2% |
| 1026 | 393(1)[Sl.6(iii).D(a)] | Fees for Technical Services (non-professional); Royalty on Cinematographic Films; Call Centre operations | 194J | 2% |
| 1027 | 393(1)[Sl.6(iii).D(b)] | Fees for Professional Services; sum referred to in Section 26(2)(h) | 194J | 10% |
| 1028 | 393(1)[Sl.6(iii).D(b)] | Remuneration, fees or commission paid to a Director of a company (other than salary under Section 392) | 194J | 10% |
| Dividends [Sl. No. 7] | ||||
| 1029 | 393(1)[Sl.7] | Dividends declared by a domestic company (including on Preference Shares) | 194 | 10% |
| Miscellaneous Payments [Sl. No. 8] | ||||
| 1030 | 393(1)[Sl.8(i)] | Life Insurance Policy sum (taxable portion), including bonus — other than exempt amounts under Schedule II | 194DA | 5% |
| 1031 | 393(1)[Sl.8(ii)] | Purchase of Goods (by specified buyer, turnover >₹10 cr) | 194Q | 0.1% |
| 1032 | 393(1)[Sl.8(iii)] | Payment to Specified Senior Citizen — bank deducts TDS and files return on their behalf | 194P | Slab |
| 1033 | 393(1)[Sl.8(iv)] | Business/Profession Perquisite or Benefit arising from business — in cash | 194R | 10% |
| 1034 | 393(1)[Sl.8(iv) Note 6] | Business/Profession Perquisite or Benefit — in kind, or partly in cash and partly in kind | 194R | 10% |
| 1035 | 393(1)[Sl.8(v)] | Sales by e-commerce participant through e-commerce operator platform | 194O | 1% |
| 1036* | 393(1)[Sl.8(vi)] | VDA Transfer — by Individual or HUF (non-audit) Inferred | 194S | 1% |
| 1037 | 393(1)[Sl.8(vi)] | VDA Transfer — by persons other than Individual or HUF (cash) | 194S | 1% |
| 1038 | 393(1)[Sl.8(vi) Note 6] | VDA Transfer — consideration in cash, kind, or partly in cash and partly in kind | 194S | 1% |
Section 393(2) — Payments to Non-Residents: 1039–1057
These codes are drawn from Form 144 (the replacement for old Form 27Q) and cover all TDS applicable on payments to non-residents — from sportsmen and entertainers to infrastructure debt fund interest to GDRs and FII income. Code 1057 is the catch-all for any other sum chargeable on a non-resident (old Section 195).
Note that codes 1058–1067 (“any person” codes) and code 1004 (EPF withdrawal) also appear in Form 144 where the payee is a non-resident.
| Code | New Section (Act 2025) | Nature of Payment | Old Section (Act 1961) | Rate |
|---|---|---|---|---|
| C — PAYMENTS TO NON-RESIDENTS | Section 393(2) | Form 144 | ||||
| 1039 | 393(2)[Sl.1] | Income of non-resident sportsman (incl. athlete) or entertainer (not a citizen of India), or non-resident sports association/institution | 195 | Treaty/Act |
| 1040 | 393(2)[Sl.2] | Interest on foreign currency borrowing — loan agreement or LT infra bond issued 1 Jul 2012 to 30 Jun 2023 | 194LC | 5% |
| 1041 | 393(2)[Sl.3] | Interest on Rupee Denominated Bond borrowed outside India — issued before 1 Jul 2023 | 194LC | 5% |
| 1042 | 393(2)[Sl.4.E(a)] | Interest on LT bond/Rupee Denominated Bond listed only on IFSC stock exchange — issued 1 Apr 2020 to 30 Jun 2023 | 194LC | 4% |
| 1043 | 393(2)[Sl.4.E(b)] | Interest on LT bond/Rupee Denominated Bond listed only on IFSC stock exchange — issued on or after 1 Jul 2023 | 194LC | 9% |
| 1044 | 393(2)[Sl.5] | Interest paid by infrastructure debt fund (Schedule VII, Sl. 46) to a non-resident or foreign company | 194LB | 5% |
| 1045 | 393(2)[Sl.6.E(a)] | Business Trust distributed income — nature per Schedule V [Sl. 3.B(a)] — to non-resident unit holder | 194LBA | 5% |
| 1046 | 393(2)[Sl.6.E(b)] | Business Trust distributed income — nature per Schedule V [Sl. 3.B(b)] — to non-resident unit holder | 194LBA | 10% |
| 1047 | 393(2)[Sl.7] | Business Trust distributed income — nature per Schedule V [Sl. 4] — to non-resident unit holder | 194LBA | 10% |
| 1048 | 393(2)[Sl.8] | AIF (Section 224) income to non-resident unit holder — non-exempt portion only | 194LBB | 10% |
| 1049 | 393(2)[Sl.9] | Securitisation Trust (Section 221) income to non-resident investor | 194LBC | 30% |
| 1050 | 393(2)[Sl.10] | Income from units of specified Mutual Fund or specified company — to non-resident | 196A | 10% |
| 1051 | 393(2)[Sl.11] | Income in respect of units of Offshore Fund (Section 208) | 196B | 10% |
| 1052 | 393(2)[Sl.12] | LTCG on transfer of Offshore Fund units (Section 208) | 196B | 10% |
| 1053 | 393(2)[Sl.13] | Interest or Dividends on bonds or Global Depository Receipts (Section 209) — non-resident | 196C | 10% |
| 1054 | 393(2)[Sl.14] | LTCG on transfer of bonds or Global Depository Receipts (Section 209) — non-resident | 196C | 10% |
| 1055 | 393(2)[Sl.15] | Income from securities (Section 210(1) [Sl.1]) — Foreign Institutional Investor | 196D | 20% |
| 1056 | 393(2)[Sl.16] | Income from securities (Section 210(1) [Sl.1]) — Specified Fund (Schedule VI, Note 1(g)) | 196D | 10% |
| 1057 | 393(2)[Sl.17] | Any interest (other than Sl. 2–5) or any other sum chargeable under this Act — not salary — to any non-resident or foreign company | 195 | Act/DTAA |
The “any person” codes (1058–1067) cover both resident and non-resident payees. If a non-resident wins a lottery in India or receives a partner payment from an Indian firm, the same codes 1058–1067 apply and are reported in Form 144. Similarly, code 1004 (EPF withdrawal) is used in Form 144 when a non-resident employee withdraws their provident fund balance.
Section 393(3) — Payments to Any Person: 1058–1067
These codes apply regardless of whether the payee is resident or non-resident. They appear in both Form 140 (residents) and Form 144 (non-residents).
| Code | New Section (Act 2025) | Nature of Payment | Old Section (Act 1961) | Rate |
|---|---|---|---|---|
| D — PAYMENTS TO ANY PERSON | Section 393(3) | Forms 140 & 144 | ||||
| 1058 | 393(3)[Sl.1] | Winnings from lottery, crossword puzzle, card game, gambling or betting — cash payment | 194B | 30% |
| 1059 | 393(3)[Sl.1 Note 2] | Winnings from lottery/crossword/card game/gambling — consideration in kind; tax paid before release of winnings | 194B | 30% |
| 1060 | 393(3)[Sl.2] | Winnings from online games — cash payment | 194BA | 30% |
| 1061 | 393(3)[Sl.2 Note 2] | Winnings from online games — in kind or partly in cash; tax paid before release of winnings | 194BA | 30% |
| 1062 | 393(3)[Sl.3] | Winnings from horse race (deductor: bookmaker or licensed person) | 194BB | 30% |
| 1063 | 393(3)[Sl.4] | Commission, remuneration or prize on lottery tickets — paid to stockist, distributor, or seller | 194G | 5% |
| 1064 | 393(3)[Sl.5.D(a)] | Cash withdrawal from bank/post office/co-operative society — deductee is a co-operative society | 194N | 2% |
| 1065 | 393(3)[Sl.5.D(b)] | Cash withdrawal from bank/post office/co-operative society — deductee is other than a co-operative society | 194N | 2% |
| 1066 | 393(3)[Sl.6] | Payment under Section 80CCA(2)(a) of the IT Act, 1961 as it existed before repeal (NSS deposits) | 194EE | 10% |
| 1067 | 393(3)[Sl.7] | Payment to partners of a firm — salary, remuneration, commission, bonus or interest (credited or paid) | 194T | 10% |
Section 394 — TCS Codes: 1068–1092
All Tax Collected at Source provisions are now under Section 394, replacing old Section 206C. These codes appear in Form 143 — the new quarterly TCS return. The biggest change from the 1961 Act: TCS on luxury goods has been significantly expanded. Old Section 206C(1F) only covered motor vehicles above ₹10 lakh. The new Act adds wrist watches, art pieces, collectibles, yachts, helicopters, sunglasses, bags, shoes, sportswear, home theatres, and polo horses — all with separate codes.
Codes 1076–1085 cover luxury goods that had no equivalent in the old Act. These are entirely new TCS obligations introduced by the Income Tax Act, 2025. Sellers of watches, art, collectibles, bags, shoes, sunglasses, sportswear, home theatres, and horses for polo/racing must now collect TCS when the sale consideration exceeds the prescribed threshold. Final thresholds will be notified by CBDT.
| Code | New Section (Act 2025) | Nature of Receipt | Old Section (Act 1961) | Rate |
|---|---|---|---|---|
| E — TAX COLLECTED AT SOURCE | Section 394 | Form 143 | ||||
| Traditional Goods [Sl. No. 1–5] — Same as Old Act | ||||
| 1068 | 394(1)[Sl.1] | Sale of Alcoholic Liquor for human consumption | 206C(1) | 1% |
| 1069 | 394(1)[Sl.2] | Sale of Tendu Leaves | 206C(1) | 5% |
| 1070 | 394(1)[Sl.3] | Sale of Timber — obtained under a forest lease | 206C(1) | 2.5% |
| 1071 | 394(1)[Sl.3] | Sale of Timber — obtained by any mode other than a forest lease | 206C(1) | 2.5% |
| 1072 | 394(1)[Sl.3] | Sale of any other Forest Produce (not timber or tendu leaves) — under a forest lease | 206C(1) | 2.5% |
| 1073 | 394(1)[Sl.4] | Sale of Scrap | 206C(1) | 1% |
| 1074 | 394(1)[Sl.5] | Sale of Minerals — coal, lignite, or iron ore | 206C(1) | 1% |
| Motor Vehicle & Luxury Goods [Sl. No. 6] | ||||
| 1075 | 394(1)[Sl.6.D(a)] | Sale of Motor Vehicle — sale consideration exceeding prescribed threshold | 206C(1F) | 1% |
| 1076 | 394(1)[Sl.6.D(b)] | Sale of Wrist Watch — consideration exceeding threshold New | No equivalent | 1% |
| 1077 | 394(1)[Sl.6.D(b)] | Sale of Art Piece (antiques, painting, sculpture) — consideration exceeding threshold New | No equivalent | 1% |
| 1078 | 394(1)[Sl.6.D(b)] | Sale of Collectibles (coin, stamp) — consideration exceeding threshold New | No equivalent | 1% |
| 1079 | 394(1)[Sl.6.D(b)] | Sale of Yacht, Rowing Boat, Canoe or Helicopter — consideration exceeding threshold New | No equivalent | 1% |
| 1080 | 394(1)[Sl.6.D(b)] | Sale of Pair of Sunglasses — consideration exceeding threshold New | No equivalent | 1% |
| 1081 | 394(1)[Sl.6.D(b)] | Sale of Bag (handbag, purse) — consideration exceeding threshold New | No equivalent | 1% |
| 1082 | 394(1)[Sl.6.D(b)] | Sale of Pair of Shoes — consideration exceeding threshold New | No equivalent | 1% |
| 1083 | 394(1)[Sl.6.D(b)] | Sale of Sportswear and Equipment (golf kit, ski-wear) — consideration exceeding threshold New | No equivalent | 1% |
| 1084 | 394(1)[Sl.6.D(b)] | Sale of Home Theatre System — consideration exceeding threshold New | No equivalent | 1% |
| 1085 | 394(1)[Sl.6.D(b)] | Sale of Horse for horse racing in race clubs, or horse for polo — consideration exceeding threshold New | No equivalent | 1% |
| LRS Remittances [Sl. No. 7] | ||||
| 1086 | 394(1)[Sl.7.D(a)] | LRS Remittance — for the purpose of education or medical treatment (amount exceeding threshold) | 206C(1G) | 0.5% |
| 1087 | 394(1)[Sl.7.D(b)] | LRS Remittance — for purposes other than education or medical treatment (amount exceeding threshold) | 206C(1G) | 20% |
| Overseas Tour Package [Sl. No. 8] | ||||
| 1088 | 394(1)[Sl.8.D(a)] | Sale of Overseas Tour Programme Package — amount up to prescribed threshold limit | 206C(1G) | 5% |
| 1089 | 394(1)[Sl.8.D(b)] | Sale of Overseas Tour Programme Package — amount above prescribed threshold limit | 206C(1G) | 20% |
| Parking, Toll & Mining [Sl. No. 9] | ||||
| 1090 | 394(1)[Sl.9] | Use of Parking Lot for business purposes (excluding mineral oil/petroleum/gas mining) | 206C(1) | 2% |
| 1091 | 394(1)[Sl.9] | Use of Toll Plaza for business purposes (excluding mineral oil/petroleum/gas mining) | 206C(1) | 2% |
| 1092 | 394(1)[Sl.9] | Use of Mine or Quarry for business purposes (excluding mineral oil, petroleum and natural gas) | 206C(1) | 2% |
Codes Missing from Draft Forms — What We Can Infer
Four payment codes appear to have been inadvertently omitted from Draft Forms 138, 140, and 141. They relate to Individual/HUF (non-audit) deductors making personal PAN-to-PAN payments — a category outside the regular audit-case TDS framework.
Based on the sequential numbering pattern in the draft, the likely codes are 1007, 1010, 1025, and 1036. The final CBDT notification has also not assigned codes to these entries as of March 2026.
Codes 1007, 1010, 1025, and 1036 are not confirmed in any notified form or rule as of the date of writing. They are inferred from the sequential gap in the draft. Do not use these codes in returns until CBDT formally assigns and notifies them. This page will be updated immediately upon official notification. Watch for updates at taxroutine.com and incometaxindia.gov.in.
Which Codes Go in Which Form
| New Form | Old Form | Section | Covers | Code Range |
|---|---|---|---|---|
| Form 138 | Form 24Q | 392 | Quarterly TDS on salary and specified senior citizen payments | 1001–1004 |
| Form 140 | Form 26Q | 393(1) & 393(3) | Quarterly TDS on all non-salary payments to residents, and “any person” payments | 1005–1038, 1058–1067 |
| Form 143 | New (was part of TCS forms) | 394 | Quarterly TCS collection statement | 1068–1092 |
| Form 144 | Form 27Q | 393(2) & 393(3) | Quarterly TDS on payments to non-residents; also “any person” codes and EPF code where payee is non-resident | 1004, 1039–1067 |
- Banks deducting TDS on FD interest use Form 140 with code 1020 (senior citizen) or 1021 (others)
- Companies paying dividends use Form 140 code 1029
- Firms paying partner salary use Form 140 code 1067
- E-commerce operators use Form 140 code 1035
- Sellers of scrap use Form 143 code 1073
- Authorised dealers collecting TCS on LRS remittances use Form 143 codes 1086 or 1087
- Do not quote old section numbers (194C, 194J, 192, 195 etc.) in forms filed for April 2026 onwards
- Do not use codes 1007, 1010, 1025, 1036 until CBDT officially notifies them
- TCS on sale of goods over ₹50 lakh (old 206C(1H)) has been removed — do not collect
- Higher TDS for non-filers (old 206AB / 206CCA) has been removed — no ITR verification needed
Frequently Asked Questions
Q: Are these payment codes the same as challan codes for ITNS 281?
No. Payment codes are used for TDS/TCS return reporting in Forms 138, 140, 143, and 144. They identify the nature of payment within each quarterly return. Challan ITNS 281 uses a separate minor-head and section-code structure for depositing tax collected. A dedicated article on updated challan codes is coming on TaxRoutine.
Q: Why does the TCS on luxury goods (1076–1085) have no old section equivalent?
The old Section 206C(1F) only covered motor vehicles above ₹10 lakh. The Income Tax Act, 2025 significantly expands TCS on luxury goods to include watches, art, collectibles, yachts, helicopters, sunglasses, bags, shoes, sportswear, home theatres, and horses. These are entirely new TCS obligations with no equivalent in the 1961 Act. Final monetary thresholds will be prescribed by CBDT notification.
Q: Why is the LRS threshold different now (code 1086/1087 vs old 206C(1G))?
The old Act imposed TCS on LRS remittances exceeding ₹7 lakh per year. The new Act raises this threshold to ₹10 lakh for the education/medical category (code 1086 at 0.5%) and for other purposes (code 1087 at 20%). The rate structure itself is unchanged — only the threshold limit has been revised upward.
Q: Form 27Q used to cover all non-resident payments. Now there are two forms — Form 144 and Form 143. How do I split?
Form 144 replaces old Form 27Q and covers TDS on payments to non-residents (Section 393(2) codes 1039–1057, plus codes 1004 and 1058–1067 where applicable). Form 143 is the new TCS return (Section 394) and is separate from non-resident TDS. If you are a seller collecting TCS, use Form 143 regardless of whether your buyer is resident or non-resident.
Q: We pay a foreign artist to perform at a corporate event. Which code applies?
Code 1039 — Section 393(2)[Sl.1] — covers income of a non-resident entertainer who is not a citizen of India. This maps to the equivalent of old Section 195 for entertainers/sportspersons. Report in Form 144. The rate depends on the applicable DTAA between India and the country of the artist’s residence, or the Act rate, whichever is more beneficial (subject to a tax residency certificate).
Q: My Q4 FY 2025-26 return is due after April 1, 2026. Which form and codes do I use?
Q4 FY 2025-26 covers payments made up to March 31, 2026 — governed by the Income Tax Act, 1961. File the old Form 24Q / 26Q / 27Q with old section numbers, even if you file them after April 1, 2026. The new codes apply only to payments made from April 1, 2026 onwards.
Income Tax Act 2025 — Deep Dive Series
- → New TDS/TCS Payment Sections 2025 vs 1961: 69 Sections Become 3 — The Complete Guide
- → TDS on Partner Salary (Section 194T / Code 1067): A Complete Guide for Partnership Firms
- → How Advertising Agencies Are Impacted: The 10% TDS Shift Explained
- → Lower TDS Certificate Under Act 2025: The New Expanded Scope and How to Apply
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