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IT / TDS

Tax Guide

NEW

TDS Section 194T — partner remuneration now attracts TDS (new from April 2025)

Key mapping

From 1 April 2025 (onwards), a partnership firm must deduct TDS at 10% on salary, commission, remuneration and interest paid to a partner when such payments exceed ₹20,000 in the year.

Explanation

Section 194T of the IT Act 1961 (inserted by Finance Act 2024, effective 1 April 2025) is a new provision with no pre-existing equivalent. Partnership firms must deduct TDS at 10% on payments to partners (salary, commission, bonus, remuneration, interest on capital). Threshold: ₹20,000 per partner per year. Under IT Act 2025, this is Code 1036 within §393, effective 1 April 2026. This is a significant compliance change for all partnership firms — including CA firms. Verify on the income-tax portal before filing.

Related terms and sections

194T1036partner salarypartner TDSpartnership firmnew April 202510 percentTDS new

Use this in practice

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Related sections

IT Act 2025 Section Mapper →All IT Act changes →

All section references are sourced from the Income Tax Act 2025 (official gazette, incometaxindia.gov.in) and cross-referenced against CBDT's comparative statement. Always verify on the official portal before filing. This page is for reference only and does not constitute legal or tax advice.