TDS and TCS Due Date Compliance Calendar and Rate Chart for Tax Year 2026-27:

A detailed comparative guide explaining the latest TCS provisions, revised section mapping, applicable rates, thresholds, and compliance changes under the Income-tax Act, 2025 for F.Y. 2026-27.

New TCS Provisions under the Income-tax Act, 2025

Khush Trivedi

May 17, 2026

Last update on May 17, 2026

TDS and TCS Due Date Compliance Calendar and Rate Chart for Tax Year 2026-27 As a Tax Professional, you must be aware of the changes applicable from 1^st April 2026, i.e., the Income Tax Act 1961 stands repealed and is replaced by the Income Tax Act 2025. Hence, there are various changes in the TDS/TCS filing of forms, and their names have also changed, so let's get a brief of them. COMPARISON OF OLD VS NEW

Particulars	Income Tax Act, 1961	Income Tax Act, 2025
TDS on Salary	Section 192	Section 392
TDS on Non-Salary (Residents & NRs)	Sections 194C, 194J, 194I, 194H etc.	Section 393 (Consolidated Tables)
Tax Collected at Source (TCS)	Section 206C	Section 394
Annual Salary TDS Certificate	Form 16	Form 130
Non-Salary TDS Certificate	Form 16A	Form 131
TCS Certificate	Form 27D	Form 133
Quarterly TDS RETURN-Salary	Form 24Q	Form 138
Quarterly TDS RETURN – Non-Salary	Form 26Q	Form 140
Quarterly TCS RETURN	Form 27EQ	Form 143
Quarterly TDS RETURN- NON-RESIDENT	Form 27Q	Form 144
PAN-based TDS (property, rent, VDA, contractors)	Form 26QB / 26QC / 26QD / 26QE	Form 141

MONTHLY TDS/TCS PAYMENT DATES

It's basically the 7^th of next month, except March, as below

Month of Deduction	Due Date
Apr-26	7th May 2026
May-26	7th June 2026
Jun-26	7th July 2026
Jul-26	7th August 2026
Aug-26	7th September 2026
Sep-26	7th October 2026
Oct-26	7th November 2026
Nov-26	7th December 2026
Dec-26	7th January 2027
Jan-27	7th February 2027
Feb-27	7th March 2027
Mar-27	7th April 2027 for TCS 30th April 2027 for TDS

Form 141 (the unified Challan-cum-Statement, replacing Forms 26QB/QC/QD/QE from April 1, 2026) must be filed within 30 days from the end of the month in which the tax deduction is made. Late filing attracts penalties of Rs. 200 per day. It covers TDS on property, rent, contracts, and virtual digital assets (VDA)

TDS/TCS QTY RETURNS DUE DATES

Quarterly TDS/TCS returns must be filed by the dates below. A late filing fee of Rs. 200 per day in applicable in case of delay.

Quarter	Return Filing Due Date	Applicable Forms
Q1 — April to June 2026	31st July 2026	138/140/143/144
Q2 — July to September 2026	31st October 2026	138/140/143/144
Q3 — October to December 2026	31st January 2027	138/140/143/144
Q4 — January to March 2027	15th May 2027	143
Q4 — January to March 2027	31st May 2027	138/140/144

TDS CERTIFICATE ISSUANCE DUE DATE

TDS certificates must be issued by deductors to deductees within 15 days of filing quarterly TDS returns or by specific statutory dates. Under the new Act, Form 16 becomes Form 130 (salary) and Form 16A becomes Form 131 (non-salary)

PENALTIES & CONSEQUENCES

Following are the penalties:

Nature of Default	Section (New Act)	Consequence
Late Deduction of TDS	Section 398(1)	Interest @ 1% per month from the due date to the actual deduction date
Late Deposit of TDS	Section 398(3)	Interest @ 1.5% per month from the deduction date to the deposit date
Late Filing of TDS/TCS Return	Section 427	Rs. 200 per day — capped at total TDS/TCS amount
Non-Filing / Incorrect Filing	Section 461/ 462	Penalty Rs. 10,000 to Rs. 1,00,000 (over & above 427 fee)
Non-Deduction (Expense Disallowance)	Section 35(b)	30% of the payment is disallowed as a business expense where the payee is resident. 100% of the payment is disallowed as a business expense where the payee is Non- resident.

TDS RATE CHART: (F.Y. 2026-27)

For Payments to Resident

Old Section (IT Act 1961)	Nature of Payment	New Section (IT Act 2025)	Rate	Threshold Limit	Remarks
SALARY & PF
192	Payment of Salary to Employees	392	Slab Rates	Basic Exemption Limit	As per the applicable income tax slabs
192A	Accumulated PF balance paid to employee (premature)	392(7)	10%	₹50,000	10% if PAN furnished; else 20% (Sec 397)
RENT
194I(a)	Rent — Plant, Machinery, Equipment (Specified Person)	393(1) [Sl. 2(ii).D(a)]	2%	₹50,000 p.m.	Specified person = company/ firm/ LLP etc.
194I(b)	Rent — Land, Building, Furniture (Specified Person)	393(1) [Sl. 2(ii).D(b)]	10%	₹50,000 p.m.	Specified person = company/ firm/ LLP etc.
194-IB	Rent paid by Individual/HUF (not subject to audit)	393(1) [Sl. 2(i)]	2%	₹50,000 p.m.	Applicable to Individuals/HUF payers
COMMISSION & BROKERAGE
194D	Commission/Brokerage — Insurance	393(1) [Sl. 1(i)]	Rates in force	₹20,000	Rate as per Slab / applicable rate
194H	Commission/Brokerage — Others	393(1) [Sl. 1(ii)]	2%	₹20,000
IMMOVABLE PROPERTY
194-IA	Transfer of Immovable Property (buyer deducts)	393(1) [Sl. 3(i)]	1%	₹50 Lakh
194IA	Compensation on Acquisition of Certain Immovable Property	393(1) [Sl. 3(iii)]	1%	₹50 Lakh	Compulsory acquisition by Govt
194IC	Payment under JDA (not in kind) u/s 67(14)	393(1) [Sl. 3(ii)]	10%	—	Joint Development Agreement payments
MUTUAL FUND / TRUST / INVESTMENT FUND
194K	Income from Mutual Fund Units / Specified Undertaking	393(1) [Sl. 4(i)]	10%	₹10,000
194LBA	Interest income from Business Trust units (Resident)	393(1) [Sl. 4(ii)]	10%	—
194LBA	Dividend income from Business Trust units (Resident)	393(1) [Sl. 4(ii)]	10%	—
194LBB	Income from Investment Fund units u/s 224	393(1) [Sl. 4(iii)]	10%	—	Excludes exempt portion under Schedule V
194LBC	Income from Securitisation Trust u/s 221	393(1) [Sl. 4(iv)]	10%	—
INTEREST
193	Interest on Securities	393(1) [Sl. 5(i)]	Rates in force	₹10,000
194A	Interest (other than on securities) — Senior Citizen	393(1) [Sl. 5(ii).D(a)]	Rates in force	₹1,00,000	Higher threshold for senior citizens
194A	Interest (other than on securities) — Others	393(1) [Sl. 5(ii).D(b)]	Rates in force	₹50,000
194A	Any other interest (non-securities)	393(1) [Sl. 5(iii)]	Rates in force	₹10,000
CONTRACTS & PROFESSIONAL FEES
194C	Work Contract — Individual / HUF contractor	393(1) [Sl. 6(i).D(a)]	1%	₹30,000 (Single) / ₹1 Lakh (Aggregate)
194C	Work Contract — Other than Individual/HUF	393(1) [Sl. 6(i).D(b)]	2%	₹1 Lakh (Aggregate)
194M	Payments by Ind/HUF (not in audit) for Contract/Prof Fees	393(1) [Sl. 6(ii)]	2%	₹50 Lakh
194J(a)	Fees for Technical Services (non-professional) / Royalty for films / Call Centre	393(1) [Sl. 6(iii).D(a)]	2%	₹50,000
194J(b)	Fees for Professional Services / Sum u/s 26(2)(h)	393(1) [Sl. 6(iii).D(b)]	10%	₹50,000
194J(b)	Remuneration / Fees / Commission to Director (non-salary)	393(1) [Sl. 6(iii).D(b)]	10%	—	No threshold
DIVIDENDS
194	Dividends declared (including preference shares) — Resident	393(1) [Sl. 7]	10%	—
LIFE INSURANCE / GOODS / E-COMMERCE / VDA
194DA	Life insurance policy maturity amount (net of exempt)	393(1) [Sl. 8(i)]	2%	₹1 Lakh	On net amount (after Schedule II deduction)
194Q	Purchase of Goods	393(1) [Sl. 8(ii)]	0.1%	In excess of ₹50 Lakh	Buyer deducts on purchase amount
194R	Business Perquisite / Benefit (cash or kind)	393(1) [Sl. 8(iv)]	10%	₹20,000
194R	Perquisite in kind where cash is insufficient to cover tax	393(1) [Sl. 8(iv)]	10%	₹20,000	Tax must be paid before release (Note 3)
194O	E-commerce: Sale of goods/services via an operator platform	393(1) [Sl. 8(v)]	0.1%	—
194S	VDA Transfer — by a person other than Ind/HUF	393(1) [Sl. 8(vi)]	1%	—	Crypto / Virtual digital assets
194SP	VDA Transfer — any person (cash or kind, or partly)	393(1) [Sl. 8(vi)]	1%	—	Note 4 applies: tax before release
WINNINGS, LOTTERY / GAMES / HORSE RACE
194B	Winnings: Lottery, Crossword, Card Games, Gambling	393(3) [Sl. 1]	Rates in force	₹10,000 per transaction
194B	Above winnings – in kind/cash insufficient (tax paid first)	393(3) [Sl. 1]	Rates in force	₹10,000 per transaction	Note 1
194BA	Winnings from Online Games	393(3) [Sl. 2]	Rates in force	Net winnings at year end	On the user account balance
194BA	Online game winnings in kind/cash are insufficient	393(3) [Sl. 2]	Rates in force	₹10,000 per transaction	Note 2
194BB	Winnings from Horse Race	393(3) [Sl. 3]	Rates in force	₹10,000 per transaction
LOTTERY COMMISSION / CASH WITHDRAWALS / PARTNERS / NSS
194G	Commission on Lottery Tickets (to stockists/distributors)	393(3) [Sl. 4]	2%	₹20,000
194N	Cash withdrawal by Co-operative Society from bank/PO	393(3) [Sl. 5.D(a)]	2%	₹3 Crore
194N	Cash withdrawal by other persons from bank/PO	393(3) [Sl. 5.D(b)]	2%	₹1 Crore
194EE	NSS Deposit withdrawal [Sec 80CCA(2)(a) of IT Act 1961]	393(3) [Sl. 6]	10%	₹2,500
194T	Payments to Partner — Salary, Remuneration, Commission, Bonus, Interest	393(3) [Sl. 7]	10%	₹20,000	New section in IT Act 2025

Note 1 (In-kind winnings): Tax to be paid before release
Note 2 (In-kind winnings): Tax to be paid before release
Note 3 (In-kind benefits): Tax to be paid before release
Note 4 (In-kind benefits): Tax to be paid before release

For Payments to Non-Resident

Old Section (IT Act 1961)	Nature of Payment	New Section (IT Act 2025)	Rate	Remarks
194E	Income of Non-Resident Sportsmen/Associations u/s 211	393(2) [Sl. 1]	20%
194LC	Interest on foreign currency borrowings (loan/LT infra bond Jul 2012–Jun 2023; LT bond Oct 2014–Jun 2023 — Govt approved)	393(2) [Sl. 2]	5%
194LD	Interest on rupee-denominated bond issued before 1-Jul-2023 (borrowed outside India)	393(2) [Sl. 3]	5%
194LC	Interest on LT bond/rupee bond listed on IFSC exchange — issued 1-Apr-2020 to 30-Jun-2023	393(2) [Sl. 4.E(a)]	4%	IFSC = International Financial Services Centre
194LC	Interest on LT bond/rupee bond listed on IFSC exchange — issued on/after 1-Jul-2023	393(2) [Sl. 4.E(b)]	9%
194LB	Interest from Infrastructure Debt Fund payable to Non-Resident	393(2) [Sl. 5]	5%
194LBA(a)	Distributed income of nature under Sch V [Sl. 3.B(a)] from Business Trust to NR	393(2) [Sl. 6.E(a)]	5%
194LBA(b)	Distributed income of nature under Sch V [Sl. 3.B(b)] from Business Trust to NR	393(2) [Sl. 6.E(b)]	10%
194LBC	Distributed income of nature under Sch V [Sl. 4] to NR	393(2) [Sl. 7]	Rates in force
194LBB	Income from Investment Fund u/s 224 (excl. exempt portion u/s Sch V [Sl. 2])	393(2) [Sl. 8]	Rates in force
194LBC	Income from Securitisation Trust u/s 221	393(2) [Sl. 9]	Rates in force
195	Income re: Mutual Fund units [Sch VII Sl. 20/21] or from the specified company	393(2) [Sl. 10]	20%
196B	Income from Offshore Fund unit’s u/s 208	393(2) [Sl. 11]	10%
196B	LTCG on transfer of Offshore Fund unit’s u/s 208	393(2) [Sl. 12]	12.5%
196C	Interest / Dividends on bonds or Global Depository Receipts u/s 209	393(2) [Sl. 13]	10%
196C	LTCG on transfer of bonds or GDRs u/s 209	393(2) [Sl. 14]	12.5%
196D	Income (not dividend/CG) of FIIs/FPIs from securities u/s 210(1)	393(2) [Sl. 15]	20%
196D	Dividend income of FIIs/FPIs from securities u/s 210(1)	393(2) [Sl. 16]	10%
195	Any other interest/sum chargeable under the Act (not salary: not covered above)	393(2) [Sl. 17]	Rates in force

KEY COMPLIANCE CHANGES: Section 194T (Now under section 393) TDS @ 10% on Payment to Partner (Interest, remuneration, Bonus) if the amount exceeding 20,000 is now included under the new Income tax act. Quoting Sections From 01-04-2026, you shall mention the serial number of the section of the old section (like 194J, 194C…), not accepted on the portal. Consolidation of Rates The New Income tax simplified the rates on e-commerce transactions, certain rent payments, and insurance commission (reduced from 5% to 2%). 206AA (PAN non-compliance) → 397(2) 20% if no PAN for most sections & Lower 5% TDS rate for goods purchased and e-commerce where PAN is missing.

TCS RATE CHART: (F.Y. 2026-27)

Here is TCS Rate Chart:

Old Section (IT Act 1961)	Nature of Collection	New Section (IT Act 2025)	PERSON	TCS Rate	Threshold / Remarks
GOODS SPECIFIED CATEGORIES (Sec 394(1))
206C(1)	Sale of Alcoholic Liquor for Human Consumption	394(1) [Sl. 1]	SELLER	2%
206C(1)	Sale of Tendu Leaves	394(1) [Sl. 2]	SELLER	2%
206C(1)	Sale of Timber obtained under Forest Lease	394(1) [Sl. 3]	SELLER	2%
206C(1)	Sale of Timber obtained by mode other than Forest Lease	394(1) [Sl. 3]	SELLER	2%
206C(1)	Sale of other Forest Produce (not timber or tendu leaves)	394(1) [Sl. 3]	SELLER	2%
206C(1)	Sale of Scrap	394(1) [Sl. 4]	SELLER	2%
206C(1)	Sale of Minerals — Coal, Lignite or Iron Ore	394(1) [Sl. 5]	SELLER	2%
LUXURY GOODS (Sale consideration exceeding threshold — Sec 394(1) [Sl. 6])
206C(1F)	Sale of Motor Vehicle	394(1) [Sl. 6.D(a)]	SELLER	1%	Threshold as notified, i.e., 10 Lakh
Notified Luxury Item	Sale of a wrist watch	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
Notified Luxury Item	Sale of Art Pieces (Antiques, Paintings, Sculpture)	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
Notified Luxury Item	Sale of Collectables (Coin, Stamp)	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
Notified Luxury Item	Sale of Yacht, Rowing Boat, Canoe, Helicopter	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
Notified Luxury Item	Sale of Pair of Sunglasses	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
Notified Luxury Item	Sale of Bag (Handbag, Purse)	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
Notified Luxury Item	Sale of Pair of Shoes	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
Notified Luxury Item	Sale of Sportswear & Equipment (Golf Kit, Ski-wear)	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
Notified Luxury Item	Sale of Home Theatre System	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
Notified Luxury Item	Sale of Horse (for racing in race clubs/polo)	394(1) [Sl. 6.D(b)]	SELLER	1%	Above threshold limit
LIBERALISED REMITTANCE SCHEME (LRS) & OVERSEAS TOURS
206C(1G)	LRS Remittance for Education / Medical Treatment (above threshold – 10 lakh)	394(1) [Sl. 7.D(a)]	Authorized Dealer	2%
206C(1G)	LRS Remittance for purposes other than Education / Medical	394(1) [Sl. 7.D(b)]	Authorized Dealer	20%	Higher rate for other LRS remittances
206C(1G)	Sale of Overseas Tour Programme Package (any operator)	394(1) [Sl. 8.D(a)]	Authorized Dealer	2%
206C(1G)	Sale of Overseas Tour Package (another category)	394(1) [Sl. 8.D(b)]	Authorized Dealer	2%
LEASING / USE RIGHTS (Section 394(1) [Sl. 9])
206C(1C)	Use of Parking Lot (business purpose, excl. mineral oil mining)	394(1) [Sl. 9]	Licensor or Lessor.	2%
206C(1C)	Use of Toll Plaza (business purpose, excl. mineral oil mining)	394(1) [Sl. 9]	Licensor or Lessor.	2%
206C(1C)	Use of Mine or Quarry (business purpose, excl. mineral oil)	394(1) [Sl. 9]	Licensor or Lessor.	2%