Rate of Tax Deduction at Source (TDS Chart) for the Payment made to Any Person (Tax Year 2026-27)

Tax deduction at source rules cover winnings, bank cash payments, partner payments, exemptions, and declaration-based no-deduction relief.

Tax deduction at source is prescribed for specified payments made to any person during the tax year, generally requiring deduction on the entire amount where the threshold is exceeded, at the rate stated for the relevant payment, at the time of payment or credit as applicable, and subject to the stated sub-section exceptions. The table covers winnings from lottery, crossword puzzles, games, gambling or betting; winnings from online games; winnings from horse races; commission, remuneration or prize on lottery tickets; cash payments from accounts maintained by banking entities and post offices; certain payments from National Savings Scheme deposits or deferred annuity plans; and salary, remuneration, commission, bonus or interest paid to a partner by a firm, with the applicable rates and monetary thresholds specified for each category. No deduction is required from amounts payable to the Government, the Reserve Bank of India, specified statutory corporations exempt from income-tax, certain mutual funds, or units of mutual funds set up or authorised by public sector banks, public financial institutions, or the Reserve Bank of India, where the payment is by way of interest, dividend on securities or shares owned with full beneficial interest, or other income. No deduction is also required from payments for or on behalf of the New Pension System Trust. Separate declaration-based relief is provided where a qualifying person furnishes a written declaration that estimated total income for the tax year will be nil, subject to the stated categories and the exception where aggregate receipts exceed the maximum amount not chargeable to tax.