📌 Important Notes for Practitioners:
• Codes marked * are inferred from sequential gaps — verify on TRACES before use.
• Old sections (194C, 194J, 194I, etc.) discontinued from 1 April 2026 on TRACES.
• Health & Education Cess @ 4% applicable on all NRI TDS (Sec. 393-2) rates.
• No-PAN rule (Sec. 397-2): TDS @ 20% in most cases.
• New forms: Salary → Form 138  |  Resident → Form 140  |  NRI → Form 144  |  TCS → Form 143.
• Form 15G / 15H merged into Form 121 from TY 2026-27 onwards.