Nandhakumar & Sundaran, Chartered Accountants & Auditors

11/05/2026

07/05/2026

The new law has embedded code-based TDS/TCS payments — accuracy depends on selecting the right section and code.

Here’s a simplified mapping of the key sections and relevant codes to make compliance smoother for finance teams and businesses.

07/05/2026

TDS Rate Chart with Payment Codes

29/04/2026

Gratuity under Code on Social Security 2020 – Eligibility | Calculation | Key Rules

Gratuity under the Code on Social Security 2020 refers to a statutory social security benefit paid by an employer to an employee as a financial reward for long and continuous service rendered to the organisation. It becomes payable upon termination of employment due to retirement, resignation, superannuation, death, disablement, or completion of a fixed-term employment contract. Under the Code on Social Security, 2020, gratuity is generally payable after an employee completes five years of continuous service, except in cases of death, disablement, or expiry of a fixed-term contract, where the five-year condition is waived. The gratuity amount is calculated at the rate of 15 days’ wages for every completed year of service based on the employee’s last drawn wages.

29/04/2026

New income tax rules: How to apply for lower or nil TDS/TCS via Form 128

The Income-tax Department has introduced Form No. 128, replacing the earlier Form 13, as part of the transition to the Income-tax Act, 2025. The form enables taxpayers to seek relief from standard tax deduction or collection rates by applying for a lower or nil rate certificate.

Here’s how the process works and what has changed.