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📚 Learn › Paper 3 — Taxation › Chapter

TDS, TCS & Advance Tax

Sections 192–234B of Income Tax Act — Tax Deducted at Source on salaries, contracts, rent, professional fees and others, plus advance tax instalments and interest. A practical, high-weight topic — 8–12 marks.

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8 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare Act text for reference.
⚡ Start lesson 1 →

All lessons

1
Section 192 — TDS on Salary
Section 192 Income Tax Act: TDS on salary explained — average rate method, multiple employers, house property loss & Section 89 relief. CA I
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2
Section 194A — TDS on Interest Other than Securities
Section 194A TDS on interest income explained: thresholds (₹40k banks, ₹5k others, ₹50k senior citizens), who deducts, CBS rules — CA Inter
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3
Section 194C — TDS on Payment to Contractors
Section 194C TDS on contractor payments: rates (1%/2%), ₹30,000 & ₹1 lakh thresholds, exemptions & job work rules explained for CA Inter May
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4
Section 194H — TDS on Commission/Brokerage
Section 194H TDS on commission & brokerage — rate, threshold, who deducts, exclusions explained simply for CA Inter May 2026 exam.
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5
Section 201 — Consequences of Failure to Deduct or Pay
Section 201 Income Tax Act: consequences for TDS default — interest at 1% & 1.5%, assessee in default status, escape via payee's return. Key
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6
Section 208 — Conditions of Liability to Advance Tax
Section 208 Income Tax: Who must pay advance tax? If your advance tax liability is ₹10,000+ in a FY, you're liable. CA Inter exam explained
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7
Section 234A — Interest for Default in Furnishing Return
Section 234A Income Tax: 1% monthly interest for late or non-filing of ITR. Formula, due dates, worked examples & CA Inter exam tips explain
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8
Section 234B — Interest for Default in Payment of Advance Tax
Section 234B Income Tax Act: 1% monthly interest for advance tax shortfall below 90% of assessed tax — CA Inter exam calculation guide with
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