TDS Calculator
TDS Calculator
Calculate Tax Deduction at Source (TDS) amounts for salary, interest, rent, professional fees, and other payments as per Income Tax Act
TDS Calculation Results
Here's your Tax Deduction at Source breakdown
Payment Amount
TDS Amount
Calculation Details
How to Use Our TDS Calculator
Step-by-Step Guide to Calculate TDS
Our TDS calculator tool makes it easy to calculate the correct Tax Deduction at Source amount for various payment types. Follow these simple steps to use the calculator effectively:
1 Select the Payment Type
Choose the appropriate payment type from the dropdown menu. Options include:
- Salary (Section 192): For regular employment income
- Interest (Section 194A): For interest income from deposits
- Contractor Payment (Section 194C): For payments to service providers
- Professional Fees (Section 194J): For fees paid to professionals
- Rent Payment (Section 194I): For property or equipment rentals
2 Enter Payment Details
Input the payment amount and any additional information required for your selected payment type:
- For Salary: Select tax regime (old/new) and enter annual taxable income
- For Interest: Specify interest source and PAN card status
- For Rent: Select property type (land & building or plant & machinery)
- If needed, enable "Custom TDS Rate" to override standard rates
3 View and Analyze Results
After clicking "Calculate TDS Amount," the calculator will display:
- Payment amount and TDS amount to be deducted
- TDS rate applied and applicable Income Tax section
- Net payment amount (after TDS deduction)
- Visual charts showing payment breakdown
4 Save or Download Results
After reviewing your TDS calculation, you can:
- Download a PDF report with complete calculation details
- Save the calculation for future reference
- Make adjustments to payment details and recalculate if needed
Accurate TDS Calculations
Our TDS calculator ensures precise calculations as per the latest Income Tax Act provisions, helping you deduct the correct amount every time.
Time-Saving Tool
Save time by quickly calculating TDS amounts for various payment types without having to manually refer to tax tables or complex formulas.
Documentation Ready
Generate and download PDF reports with all calculation details, perfect for record-keeping, compliance documentation, and sharing with stakeholders.
How This TDS Calculator Works
1. Enter Payment Details
Select payment type (salary, interest, contractor payment, etc.) and enter the payment amount. Different payment types have specific TDS rates as per the Income Tax Act.
2. Calculate TDS Amount
Our calculator instantly processes your inputs to determine the TDS amount as per the applicable section of the Income Tax Act, showing the amount to be deducted and net payment.
3. View and Export Results
Analyze your results with visual charts showing TDS breakdown and payment components. Save your calculations for future reference or download a detailed PDF report for your records.
Understanding TDS in India
Tax Deducted at Source (TDS) is a method of collecting income tax by the government at the source of income generation. The person responsible for making specified payments is required to deduct tax at source at prescribed rates. Here's how TDS works for different payment types:
TDS on Salary (Section 192)
For salaried individuals, TDS is deducted according to the applicable income tax slab rates. The employer calculates the estimated annual income and deducts tax every month based on the employee's tax regime choice.
TDS on Interest (Section 194A)
Banks and financial institutions deduct TDS at 10% (20% if PAN not provided) on interest payments exceeding ₹40,000 per year (₹50,000 for senior citizens). This applies to fixed deposits, recurring deposits, and other interest-bearing investments.
TDS on Contractor Payments (Section 194C)
When payments are made to contractors for work contracts, TDS is deducted at 1% for individuals/HUFs and 2% for others. This applies when single payment exceeds ₹30,000 or aggregate payments exceed ₹1 lakh in a financial year.
TDS on Professional Fees (Section 194J)
For payments made to professionals like doctors, lawyers, consultants, etc., TDS is deducted at 10% of the fees. For technical services, the rate is 2%. This applies when payments exceed ₹30,000 in a financial year.
Frequently Asked Questions
What is TDS and why is it deducted?
What are the different TDS rates for various payment types?
When is TDS not required to be deducted?
How to claim TDS refund if excess tax is deducted?
What are the penalties for not deducting TDS or late deposit of TDS?
What are the due dates for TDS deposit and returns?
TDS Calculator: A Complete Guide to Tax Deduction at Source
Tax Deduction at Source (TDS) is a crucial aspect of India's taxation system that helps the government collect taxes directly at the time of income generation. Our TDS calculator simplifies the process of calculating accurate TDS amounts for various payment types including salary, interest, professional fees, and rental payments.
Why TDS Calculation is Important
Accurate TDS calculation is essential for both deductors and deductees for several reasons:
- Compliance: Proper TDS deduction ensures compliance with income tax laws and helps avoid penalties and interest.
- Cash Flow Management: For deductees, knowing the exact TDS amount helps in better financial planning and cash flow management.
- Tax Credit: TDS amounts can be claimed as tax credits during income tax return filing, reducing the final tax liability.
- Business Relationships: Correct TDS deduction maintains transparency in business transactions and strengthens professional relationships.
Key Features of Our TDS Calculator
Our online TDS calculator stands out with several powerful features designed to make TDS calculation simple and error-free:
- Multiple Payment Types: Calculate TDS for different payment categories including salary, interest, professional fees, rent, contractor payments, and commission.
- Section-Specific Calculations: Get TDS amounts as per the specific sections of the Income Tax Act (192, 194A, 194C, 194I, 194J, etc.).
- Visual Representation: View TDS breakdown with interactive charts for better understanding of the tax components.
- Custom TDS Rates: Option to use custom TDS rates for special scenarios or rate changes.
- Downloadable Reports: Generate and download detailed PDF reports of your TDS calculations for record-keeping.
Common TDS Thresholds and Exemptions
Understanding TDS thresholds can help determine when TDS deduction is mandatory:
- Interest from bank deposits: ₹40,000 per annum (₹50,000 for senior citizens)
- Rent for plant and machinery: ₹2,40,000 per annum
- Rent for land, building, or furniture: ₹2,40,000 per annum
- Professional or technical services: ₹30,000 per annum
- Payments to contractors: ₹30,000 for single payment or ₹1,00,000 for aggregate annual payments
Use our TDS calculator to ensure accurate tax deductions, maintain compliance with Indian tax laws, and simplify your tax planning process. Whether you're an employer, business owner, or individual taxpayer, our calculator provides you with precise TDS amounts based on the latest tax provisions.
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