Tax deducted and collected at source: rates, forms, credits, and reconciliation.
13 guides
TDS and TCS are where a large share of routine compliance mistakes actually happen, mostly because the rates, thresholds, and applicable sections vary by exactly what's being paid: salary under Section 192 works differently from rent or professional fees, which works differently again from a property purchase under Section 194-IA. This section breaks each payment type down on its own terms, alongside the quarterly return mechanics that report what's actually been deducted: Forms 138, 140 and 144 from FY 2026-27, and Forms 24Q, 26Q and 27Q for earlier years.
If you're the one deducting tax, the payment-specific guides here give you the current rate and threshold rather than one you might remember from a year or two ago, since several of these have shifted recently. If you're the one having tax deducted from you, reconciling what's actually landed in your Form 26AS and AIS against what should have been deducted, and knowing when a lower or nil deduction certificate under Section 197 is worth applying for, are usually the more useful starting points.
TDS & TCSLottery, game show, and online gaming winnings don't follow the slab rate, threshold, and deduction rules that apply to the rest of your income. Here's the flat, standalone mechanism that governs them instead, and why your net position across the year isn't what actually gets taxed.
TDS & TCSThe amount that lands in your bank account from Amazon or Flipkart is never the full sale value. Here is what the platform withholds before paying you, and how to claim that money back through your tax and GST filings.
TDS & TCSForm 15G and Form 15H stop a bank or company from deducting TDS on your interest income when you genuinely don't owe tax on it, but filing at the wrong place, or when you don't actually qualify, causes real problems. Here's who should file which form, how to submit it correctly, and what changed under the Income-tax Act, 2025.
TDS & TCSThe rates most individuals and small businesses actually deal with, in one table, for FY 2026-27, plus where each one now sits under the Income-tax Act, 2025's consolidated Section 393.
TDS & TCSThe Section 194A threshold isn't what it used to be. Here's the current FD and RD interest TDS threshold, the rate, and how to legitimately avoid it.
TDS & TCSBuy over ₹50 lakh in goods from one supplier and Section 194Q likely applies. Here's the threshold, the rate, and a rule that quietly stopped applying in 2025.
TDS & TCSForm 26AS tracks tax already paid; AIS tracks almost everything else. A practical walkthrough of reconciling both before a mismatch turns into a notice.
TDS & TCSStandard TDS rates don't know your actual tax position. Here's how a Section 197 certificate fixes that upfront, instead of leaving your money stuck till refund season.
TDS & TCSSending money abroad for education, travel, or investment now means TCS at very different rates depending on why. Here's what applies, and how it comes back.
TDS & TCSBuying property over Rs 50 lakh comes with a TDS obligation most first-time buyers never see coming. Here's what to deduct, when, and how to not get it wrong.
TDS & TCSLandlords, freelancers, and the businesses paying them often get the TDS rate or threshold wrong. Here's who deducts what, and how the credit reaches you.
TDS & TCSYour employer isn't guessing when tax comes out of your payslip. They're estimating your full year's liability and spreading it across your remaining pay periods.
TDS & TCSThe quarterly TDS statements were renumbered from FY 2026-27: 24Q became 138, 26Q became 140, 27Q became 144, 27EQ became 143. The due dates did not move, and returns for FY 2025-26 stay on the old forms.