Taxmann’s TDS Ready Reckoner under Income-tax Act 2025 – 32nd Edition 2026 is a detailed and practice-oriented professional reference designed for chartered accountants, tax practitioners, advocates, finance professionals, deductors, compliance officers, businesses, and students dealing with TDS and TCS compliance under India’s newly introduced direct tax framework.

Authored by Taxmann’s Editorial Board, this updated 32nd Edition is the first edition comprehensively rewritten around the framework of Chapter XIX of the Income-tax Act, 2025, replacing the earlier structure of multiple TDS/TCS provisions under the Income-tax Act, 1961.

The publication incorporates all amendments introduced by the Finance Act 2026 along with the newly notified Income-tax Rules, 2026, making it one of the most updated professional references on withholding tax compliance in India.

This edition explains the newly consolidated TDS/TCS framework under Sections 392 to 401 of the Income-tax Act, 2025, which replaces the earlier fragmented structure of the 194-series and related provisions under the 1961 Act. The book provides continuous cross-references between the old and new provisions to help professionals transition smoothly to the revised tax regime.

The publication comprehensively covers:

• Tax Deduction at Source (TDS) provisions
• Tax Collection at Source (TCS) provisions
• Withholding tax obligations and compliance
• Rates, thresholds, and applicability
• Filing procedures and reporting requirements
• TDS/TCS returns and correction statements
• Certificates, declarations, and forms
• Consequences of defaults and penalties
• Compliance procedures under Income-tax Rules 2026
• CBDT circulars, notifications, and clarifications

The book is structured across multiple divisions and chapters to provide payment-wise analysis of withholding tax obligations including salary, commission, brokerage, contractor payments, professional fees, rent, property transactions, capital market transactions, foreign remittances, and non-resident payments.

One of the major highlights of this edition is its extensive comparative reference tools and navigation matrices, including:

• Income-tax Act 2025 vs Income-tax Act 1961 comparison
• TDS and TCS rate reckoners
• Section mapping tables
• Rules comparison tables
• Forms comparison tables
• Transition guidance from old regime to new regime

The publication also discusses newly renumbered compliance forms and procedures under the new Income-tax Act framework. Discussions within professional tax communities and compliance forums highlight the significant structural transition occurring from April 2026 regarding TDS forms, returns, certificates, and compliance architecture.

Designed in Taxmann’s trusted practical format, the book combines statutory analysis, practical guidance, illustrations, procedural explanations, and compliance support to help professionals manage day-to-day withholding tax obligations efficiently.

This publication is highly useful for chartered accountants, tax consultants, finance managers, deductors, corporates, advocates, departmental officers, academicians, CA/CS/CMA students, and professionals involved in direct tax compliance and litigation.

Key Features:

• Comprehensive guide on TDS & TCS under Income-tax Act 2025
• Updated with Finance Act 2026 and Income-tax Rules 2026
• Covers Sections 392 to 401 comprehensively
• Includes comparative study of old and new tax framework
• Detailed TDS/TCS rate reckoners and compliance procedures
• Covers forms, returns, certificates, and procedural obligations
• Includes CBDT guidance notes and practical illustrations
• Useful for professionals, businesses, and tax practitioners
• Structured for practical compliance and professional reference

This publication serves as an essential professional resource for understanding and implementing TDS and TCS compliance under India’s new Income-tax Act framework.