TDS Section 194A — Interest other than on securities
FY 2025-26 · Rate 10%
What does this section cover?
TDS on interest paid by banks (FD, RD), cooperative societies, post offices, or any other payer.
Why this section: Banks and other interest payers deduct 10% on aggregate interest exceeding the annual threshold per depositor.
Key facts
- Threshold
- ₹50,000 per FY (general); ₹1,00,000 for senior citizens (raised from ₹50k by Finance Act 2025)
- Applicable for
- FY 2025-26
- Who deducts
- Banks, cooperative societies, post offices, companies (interest on loans), any payer of interest
- Paid to
- Resident depositor / lender
- Statutory source
- Section 194A, Income Tax Act
Common terms accountants use
If your description mentions any of these, Section 194A is likely the right answer. The matcher in this tool is a keyword scorer — not an AI classifier — so cross-check borderline cases against the official CBDT TDS rate chart.
Related TDS sections
Other sections in the same series or adjacent. Useful when narrowing down between similar payment categories.
Need a different section?
Describe the payment in plain English — “rent of plant”, “senior citizen interest”, “NRI dividend” — and the matcher will surface the right section.
Search TDS sections →Source: curated from the CBDT TDS rate chart. Dataset snapshot: 2025-04-01. Rates can change between Finance Acts and notifications — verify before deducting.