Total income of a specified senior citizen after Chapter VIII deduction and the s.156 rebate
- Rate
- Rates in force
- Threshold
- As applicable
- Who deducts
- Specified bank
- 1961 Act
- Section 194P
Section finders.393(1) [Table: Sl. No. 8(iii)]Act page 473
Section 194P in the Income-tax Act, 2025
The answer
Section 194P of the Income-tax Act, 1961 is s.393(1) [Table: Sl. No. 8(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.
As enacted
Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, page 473. 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.
Questions this answers
What is section 194P called in the Income-tax Act, 2025?
Section 194P of the Income-tax Act, 1961 is s.393(1) [Table: Sl. No. 8(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.
What is the TDS rate and threshold under s.393(1) [Table: Sl. No. 8(iii)]?
Rate: Rates in force. Threshold: As applicable. It covers: Total income of a specified senior citizen after Chapter VIII deduction and the s.156 rebate.