Section 194A of the Income-tax Act, 1961 is s.393(1) [Table: Sl. Nos. 5(ii) and 5(iii)] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
Interest other than interest on securities, paid by a bank, a co-operative society carrying on banking, or a post office
Interest other than interest on securities, paid by a specified person
An individual or HUF is a “specified person” (and so must deduct) where preceding-year business turnover exceeds one crore rupees
Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, pages 470, 471, 507. This page sets out the Table entry as read from the Act; read the section and the Notes to its Table before relying on it for a return or an opinion.
Section 194A of the Income-tax Act, 1961 is s.393(1) [Table: Sl. Nos. 5(ii) and 5(iii)] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
Rate: Rates in force. Threshold: ₹1,00,000 for a senior citizen; ₹50,000 for any other person. It covers: Interest other than interest on securities, paid by a bank, a co-operative society carrying on banking, or a post office.
Rate: Rates in force. Threshold: ₹10,000. It covers: Interest other than interest on securities, paid by a specified person.