Learning & Re-Learning Income Tax Act, 2025 - A Paradigm Shift in TDS & TCS Compliance – Effective 1st April 2026
Learning & Re-Learning Income Tax Act, 2025 A Paradigm Shift in TDS & TCS Compliance – Effective 1st April 2026 The Income Tax Act, 2025 introduces a transformational shift by consolidating TDS and TCS provisions into structured sections. Section 392 → TDS on Salary Section 393 → TDS on Other Payments Section 394 → TCS Provisions 📌 Result: A clean, logical, and classification-driven framework replacing scattered sections like 192, 194C, 194H, 206C, etc. New Structure vs Old Law Particulars Income Tax Act, 1961 Income Tax Act, 2025 Salary TDS Section 192 Section 392 Other TDS 194 series Section 393 TCS Section 206C Section 394 Approach Section-based Transaction-based Compliance Fragmented Unified Section 392 – TDS on Salary Section 392 governs deduction of tax on salary income. Key Features Particular Provision Applicability Employer–Employee relationship Basis Estimated total income of employee Deduction Average rate of tax Timing At time of...