TDS Calculator
Calculate Tax Deducted at Source (TDS) for various payment types in India
Tax Deducted at Source (TDS) is a method of collecting income tax by the government at the source of income. The person making specified payments such as salary, commission, professional fees, interest, rent, etc. is responsible for deducting tax before making payment. TDS rates vary based on the nature of payment and the payee's residential status.
TDS Calculation Results
TDS Details
| Payment Type | |
|---|---|
| Section | |
| TDS Rate | |
| Payment Amount | |
| TDS Amount | |
| Net Amount (After TDS) |
Payment Breakdown
TDS Guide & Tutorial
Understanding TDS
Tax Deducted at Source (TDS) is a method of collecting income tax by the government directly from the source of income generation. The person making specified payments is responsible for deducting tax before making the payment to the recipient.
Key Benefits
- Regular tax collection
- Reduced tax evasion
- Convenient compliance
- Traceable transactions
Important Points
- PAN requirement
- Payment thresholds
- Filing deadlines
- Penalty provisions
TDS Rates & Thresholds
| Payment Type | Section | TDS Rate | Threshold Limit |
|---|---|---|---|
| Salary | 192 | As per slab | Basic exemption limit |
| Interest | 194A | 10% | ₹40,000 (₹50,000 for senior citizens) |
| Professional Fees | 194J | 10% | ₹30,000 per year |
| Rent | 194I | 10% | ₹2,40,000 per year |
How to Use the Calculator
Select Payment Type
Choose the type of payment for which TDS needs to be calculated.
Enter Payment Details
Specify payment amount and residential status of the recipient.
Verify PAN Status
Indicate whether valid PAN is available to determine applicable rate.
Review Results
Check TDS amount, applicable rate, and net payment details.
Frequently Asked Questions
Consequences of not providing PAN:
- Higher TDS rate of 20%
- No threshold benefit
- Difficulty in claiming credit
- Form 26AS issues
TDS deposit deadlines:
- Government deductors: Same day
- Other deductors: 7th of next month
- March deductions: 30th April
- Late deposit attracts interest
Salary TDS calculation:
- Based on projected annual salary
- Considers tax regime choice
- Includes declared investments
- Monthly deduction spread
Key compliance requirements:
- Quarterly TDS returns
- Issue TDS certificates
- Maintain TDS registers
- Annual return reconciliation
Penalty provisions:
- Interest @ 1.5% per month
- Late filing fees
- Prosecution in serious cases
- Disallowance of expenses