Enabled new Financial Year 2025-26 in HBTDS application and incorporated Map challan feature for mapping unconsumed challans with different forms and quarters.

Features Summary:

HBTDS Application – Updates for Financial Year 2025-26

1. Support for Financial Year 2025-26

• Integrated the new financial year 2025-26 across the entire HBTDS application.

2. Enhancements in Challan Management

• Introduced Mapped and Unmapped filters in the Challan Listing section for improved navigation.
• Added a Map Challan feature to enable allocation of unutilized challans to respective forms and quarters across all financial years.
• Included an “All” option in the Challan Mapping section under Forms Deduction Entry, allowing bulk mapping across all sections in one go.

3. Tax Rate and Form Revisions

• Updated applicable tax rates in Forms 26Q, 27Q, and 27EQ, effective from April 1, 2025.
• Removed the following deduction/collection reasons from Forms 26Q and 27EQ:

“U” – Higher deduction rate under Section 206AB due to non-filing of income return.

“I” – Higher collection rate under Section 206CCA.

4. Form 24Q Updates

• Applied the revised tax slabs under the New Tax Regime for FY 2025-26 in Annexure 2.
• Added support for deductions 80CCA and 80CCD (1B) under the Old Tax Regime in Annexure 2 for FY 2025-26.

Detail Release Features

Integrated the new financial year 2025-26 across the entire HBTDS application.

Introduced Mapped and Unmapped filters in the Challan Listing section for improved navigation.

Added a Map Challan feature to enable allocation of unutilized challans to respective forms and quarters.

In Challan Master Map Challan option is available by selecting the Challan.

In Challan Mapping it will show the selected challan unconsumed amount and un-mapped deduction entry.

Added Filters Financial Year, Return Form, Quarter and Month to get the data for mapping.

Select the Un-mapped Deduction entry and Click Save button or New Challan button to create a New Challan.

Included an “All” option in the Challan Mapping section under Forms Deduction Entry, allowing bulk mapping across all sections in one go.

Updated applicable tax rates in Forms 26Q, 27Q, and 27EQ, effective from April 1, 2025.

Form 26Q and 27Q reduced tax rate of Section 194LBC (25% or 30%) to 194LBC (10% )

Form 27EQ reduced tax rate of Section B, C and D.

Removed the following deduction/collection reasons from Forms 26Q and 27EQ:

Form 26Q – “U” – Higher deduction rate under Section 206AB due to non-filing of income return.

Form 27EQ “I” – Higher collection rate under Section 206CCA.

Applied the revised tax slabs under the New Tax Regime for FY 2025-26 in Annexure 2.

Added support for deductions 80CCA and 80CCD(1B) under the Old Tax Regime in Annexure 2 for FY 2025-26.

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qa@hostbooks.com.

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