Quick-reference income-tax, TDS and GST rates for FY 2025-26 / 2026-27. A general ready-reckoner — confirm the position for your specific facts before filing or deducting.
| Total income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
§87A rebate makes income up to ₹12,00,000 effectively tax-free (max rebate ₹60,000). Standard deduction for salaried: ₹75,000. Surcharge capped at 25%. Health & education cess: 4%.
| Total income | Below 60 | 60–80 | 80+ |
|---|---|---|---|
| Basic exemption up to | ₹2,50,000 | ₹3,00,000 | ₹5,00,000 |
| Exemption – ₹5,00,000 | 5% | 5% | — |
| ₹5,00,001 – ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
§87A rebate up to ₹12,500 (taxable income up to ₹5,00,000). Standard deduction for salaried: ₹50,000. Surcharge: 10% (>₹50L), 15% (>₹1Cr), 25% (>₹2Cr), 37% (>₹5Cr). Cess: 4%. Most deductions (80C, 80D, HRA, etc.) apply only under this regime.
| § 1961 Act | Nature of payment | § 2025 Act | Rate | Threshold (₹) |
|---|---|---|---|---|
| 192 | Salary | 392(1) | Slab | Basic exemption |
| 194A | Interest (banks / post office) | 393(4) | 10% | 50,000 · 1,00,000 (senior) |
| 194C | Contractor / sub-contractor | 393(6) | 1% indiv · 2% other | 30,000 single · 1,00,000 p.a. |
| 194H | Commission / brokerage | 393(8) | 2% | 20,000 |
| 194I | Rent — land / building | 393(9) | 10% | 50,000 / month |
| 194J | Professional / technical fees | 393(10) | 10% / 2% | 50,000 |
| 194Q | Purchase of goods | 393(18) | 0.1% | 50,00,000 |
| 194-IA | Transfer of immovable property | 393 | 1% | 50,00,000 |
| 195 | Payments to non-residents | 393 | As applicable / DTAA | — |
For FY 2025-26 (payments up to 31 Mar 2026) the old 1961-Act section numbers apply. From 1 April 2026 (Tax Year 2026-27) the entire 194-series is retired and consolidated into §392 (salary), §393 (all non-salary TDS, via a table with payment codes 1001–1092) and §394 (TCS, old §206C) under the Income-tax Act, 2025. Rates and thresholds are unchanged — only the section reference and form numbers change (e.g. Form 16 → Form 130). Absent a valid PAN, a higher rate applies.
The earlier 12% and 28% slabs were removed. Niche rates continue — e.g. gold at 3% and rough diamonds at 0.25%. Composition dealers pay 1%/5%/6% of turnover. Always confirm item-wise classification against the latest rate notifications.
| Under GST | Section | Rate | Applies to |
|---|---|---|---|
| TDS | §51 CGST | 2% (1% CGST + 1% SGST, or 2% IGST) | Notified deductors — govt/PSUs — where contract value > ₹2.5 lakh |
| TCS | §52 CGST | 0.5% (0.25% + 0.25%, or 0.5% IGST) | E-commerce operators, on net taxable supplies (was 1% up to Jul 2024) |
GST TDS/TCS is separate from income-tax TDS and is credited to the supplier's electronic cash ledger. Deductors file GSTR-7; e-commerce operators file GSTR-8.
Rates, slabs and thresholds change with each Budget and by notification. These cards are a general ready-reckoner, not professional advice — verify the current position for your specific facts before acting. For an authoritative reference, check incometax.gov.in and the GST/CBIC notifications, or ask our team.