Old Section(IT Act 1961) Nature of Payment New Section(IT Act 2025) Rate ThresholdLimit 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)…
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%…
Old Section(IT Act 1961) Nature of Payment New Section(IT Act 2025) Rate ThresholdLimit 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)…
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