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Form 141 / 168 / 131 / 26 — New-Regime TDS Reference Card

Which form governs which reporting requirement under the Income Tax Act 2025 + the Section 393 payment codes 1001–1092 transition. Form 141 (quarterly TDS return) replaces Form 26Q. Form 168 (annual TDS statement) replaces Form 26AS. Form 131 (unified TDS certificate) replaces Form 16 and Form 16A. Form 27EQ (TCS) is retained. One 2-page A4 PDF, print-ready, ~10 KB.

What's inside — 5 sections
Page 1 — header + summary table + four form profiles
One-glance summary table pairing every new-regime form with the legacy form it replaces, followed by a profile card for each of Form 141 (quarterly TDS return replacing Form 26Q), Form 168 (annual TDS statement replacing Form 26AS), Form 131 (TDS certificate replacing Form 16 + Form 16A), and Form 27EQ (TCS, retained unchanged). Every profile names purpose, filer, cadence, and the closest legacy analogue.
Page 2 — switchover timeline
Visual timeline of the four dates that matter — April 1 2026 (Income Tax Act 2025 in force), FY 2025-26 legacy filings continuing under Form 26Q/26AS/16A, FY 2026-27 filings landing on Form 141/168/131, and March 31 2027 as the final correction window for legacy-era statements after which legacy forms freeze irreversibly.
Cross-era payment code mapping table
Nine most-used mappings in one table: Section 194C → 1002 (contractor/sub-contractor), 194J → 1005 (professional/technical), 194H → 1015 (commission/brokerage), 194I → 1004 (rent), 194Q → 1031 (purchase of goods), 194O → 1011 (e-commerce operator), 194A → 1010 (interest other than securities), 192 → 1001 (salary), 195 → 1050 (non-resident payments). Useful for backfilling legacy-era transactions into new-regime formats.
Practitioner tips
Short list of the traps deductors keep hitting during the transition — treating the March 31 2027 window as a soft deadline, mapping payment codes off the section table without checking the sub-rules, and assuming Form 27EQ (TCS) changes shape when it does not.
A4 portrait, print-ready
2 pages, ~10 KB, no filler graphics. Prints cleanly on a standard A4 sheet on either side of one page — designed to sit next to the return-filing workstation for the FY 2026-27 first-quarter window.
Reference card, not filing software. The card is a printable A4 wallchart of form-to-form and section-to-code mappings. It does not file returns, does not compute liability, and does not replace the CBDT notifications or the Income Tax Act 2025 itself — verify every mapping against the current gazette before you file.

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Where this card fits

The wallchart is the two-page summary. The detail articles, the companion Excel and letter packs, and the automated equivalent all live one click away.

TDS Payment Codes 1001–1092 — India Reference
The full 92-code table with legacy-section mapping, effective date, and the sub-rule nuances the card summarises.
Cross-Era TDS Reconciliation — Legacy vs New Regime
How to reconcile FY 2025-26 legacy filings against FY 2026-27 new-regime filings during the transition year, section by section.
Form 168 — the New TDS Statement (Replaces 26AS)
Detail article on the annual TDS statement replacing Form 26AS: field-by-field walkthrough and download cadence.
Form 131 — the New TDS Certificate (Replaces 16 + 16A)
Detail article on the unified TDS certificate replacing Form 16 and Form 16A: issuance rules, deductee reconciliation, and edge cases.
TDS Correction Statement — March 31 2027 Deadline
Why the correction window closes for good on March 31 2027 and what a controlled catch-up plan looks like before it does.
TDS Backlog Correction Sprint — India Playbook
Companion Playbook Brief 16: an eight-week sprint template for closing the pre-April 2026 backlog before the March 31 2027 window shuts.
TDS Receivable Aging Workbook
Companion Excel workbook: aging buckets by section + cross-era payment code mapping table built into the same sheet.
Deductor Form 168 Query Letter Pack
Companion letter templates: query letters for deductors when your Form 168 balance disagrees with their filed 26Q/141 line.
TDS Reconciliation Software
The automated equivalent when a printed card and a spreadsheet stop scaling — cross-era reconciliation as a continuous ledger, not a quarter-end sprint.

Frequently Asked Questions

Is the reference card really free?
Yes. There is no charge and no trial period. The download link appears immediately on this page after you submit the form — nothing is emailed to you first, and there is no waiting period.
When does the new regime actually kick in?
The Income Tax Act 2025 comes into force on April 1 2026. Section 393 payment codes 1001–1092 apply from FY 2026-27 (AY 2027-28) onwards — that is the year deductors begin filing Form 141 (quarterly TDS return) instead of Form 26Q, and the year Form 168 (annual TDS statement) begins to be issued in place of Form 26AS. Deductees begin receiving Form 131 (unified TDS certificate) in place of Form 16 and Form 16A from that same year.
What happens to legacy Form 26Q / 26AS / 16A after the switchover?
Cross-era window: any FY 2025-26 or earlier corrections must be filed under the legacy forms (26Q for returns, 26AS for statements, 16/16A for certificates) by March 31 2027. After that date the legacy-era correction facility is closed irreversibly — no back-dated correction statement can be filed under Form 26Q once the window shuts, even if the underlying deduction event took place in the legacy regime. The reference card includes the timeline on Page 2 and the practitioner-tips section flags this as the single most-missed transition trap.
Disclaimer. The reference card is illustrative — a plain-English summary of the Income Tax Act 2025 transition from a practitioner's point of view. Form numbers, effective dates, and payment codes reflect our reading of the current CBDT notifications as at publication and are subject to subsequent gazette amendments. This is a working reference, not tax advice; verify every filing decision against the current gazette and against your Chartered Accountant before filing.

When a wallchart stops scaling

A printed card handles the FY 2026-27 first quarter cleanly. Once the cross-era window stretches across both a legacy backlog and a live new-regime pipeline — or once Form 168 needs to be reconciled against deductee Form 131 certificates continuously through the year — a live TDS reconciliation makes sense. TransactIG configures in 2–4 weeks. ISO 27001:2022 certified.

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