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TDS · effective 1 April 2026

Section 194A under the
Income-tax Act, 2025

TDS on interest other than interest on securities

Income-tax Act, 1961
194A
Income-tax Act, 2025
393(1), Table Sl. No. 5(ii) and 5(iii)
ConfirmedTaken from the ICAI Direct Taxes Committee concordance and independently checked against the bare statutory text of the Income-tax Act, 2025.

Topic

TDS on interest other than interest on securitiesTDS provisions under the Income-tax Act, 2025 (Act 30 of 2025).

What carried over

The substance of this provision was not changed by the re-write. What moved is the citation.

Rates and thresholds carried over: banks/co-op banks/post office (5(ii)) Rs 1,00,000 for senior citizens and Rs 50,000 for others; all other specified payers (5(iii)) Rs 10,000. Sl. No. 5(i) is the old s.193 (interest on securities), threshold Rs 10,000. The core-banking-solution branch rule (old 194A proviso) survives as Note 1 to the Table. No standalone '194A' exists any more — cite the table serial.

Source

ICAI concordance row for s.393 (lists 194A among ~40 consolidated sections); verified against bare text of s.393(1) Table Sl. No. 5. Independently corroborated by the toolisky.com section-393 TDS chart ('194A -> 393(1) Sl. 5(ii)/(iii)').

Open the source document →

CBDT publishes its own correspondence utility on incometaxindia.gov.in and that is the authority. Spot-check anything high-stakes there before you rely on it.

Still cite section 194A for
Income earned up to 31 March 2026 — that is FY 2025-26, Assessment Year 2026-27, governed by the Income-tax Act, 1961 even though you file it during 2026.
Cite 393(1), Table Sl. No. 5(ii) and 5(iii) for
Income earned from 1 April 2026 — Tax Year 2026-27 onwards, governed by the Income-tax Act, 2025. Tax deducted on payments made on or after 1 April 2026 must be reported under the new section 393 table references and new challan/return codes. Quoting a legacy section such as 194C or 194J triggers validation failure.
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194 · TDS on dividends
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194B · TDS on winnings from lottery, crossword puzzles, card games, gambling/betting
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This is a navigational aid for the 1961 → 2025 transition, not tax advice. It helps you find the right place in the new Act when you already know the old section. Confirm every citation against the bare Act and against CBDT's own correspondence utility before relying on it in a return, certificate, notice reply or opinion. The source text used here is the Act as passed, so any rate or threshold amended by the Finance Act, 2026 is not reflected; section numbers are unaffected.

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