TDS Section 194T — Payment by partnership firm to partner
FY 2025-26 · Rate 10%
What does this section cover?
TDS on salary, remuneration, commission, bonus, interest paid by a partnership firm/LLP to any of its partners.
Why this section: New from Apr 2025 — partnership firms/LLPs must deduct 10% TDS on payments to partners above ₹20k per FY.
Key facts
- Threshold
- ₹20,000 per FY per partner
- Applicable for
- FY 2025-26
- Who deducts
- Partnership firm / LLP
- Paid to
- Partner
- Statutory source
- Section 194T, Income Tax Act (inserted by Finance (No. 2) Act 2024, effective 1 April 2025)
Common terms accountants use
If your description mentions any of these, Section 194T 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.