TDS Calculator
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TDS Calculator
Calculate Tax Deducted at Source (TDS) on various types of payments. Understand TDS rates, threshold limits, and compliance requirements for different payment types.
Payment Details
About TDS Calculator
Calculate Tax Deducted at Source (TDS) on various types of payments. Understand TDS rates, threshold limits, and compliance requirements for different payment types under the Income Tax Act.
Key Features
- Calculate TDS for multiple payment types (Salary, Interest, Rent, Professional Fees, etc.)
- Support for resident and non-resident payees
- PAN requirement validation
- Threshold limit checking
- Section-wise TDS rates
- Surcharge and cess calculations
- Net amount calculation
- Detailed notes and explanations
- Comprehensive tooltips and hints
- Free to use, no registration required
Use Cases
Employer Payroll
Calculate TDS on salary payments for employees based on estimated tax liability.
Interest Payments
Calculate TDS on interest payments from fixed deposits, bonds, or other securities.
Rent Payments
Calculate TDS on rent payments for land, building, or machinery exceeding threshold limits.
Professional Fees
Calculate TDS on professional fees paid to doctors, lawyers, consultants, etc.
Contractor Payments
Calculate TDS on payments made to contractors for work contracts.
Compliance Management
Ensure TDS compliance by calculating correct TDS amounts before making payments.
What is TDS?
TDS stands for Tax Deducted at Source. It is a mechanism where the person making payment deducts tax at source and deposits it with the government on behalf of the payee.
Who is responsible for deducting TDS?
Any person making specified payments (like salary, interest, rent, professional fees, etc.) is responsible for deducting TDS if the payment exceeds the threshold limit.
What happens if PAN is not provided?
If PAN is not provided, TDS will be deducted at higher rate (20% or applicable rate, whichever is higher) as per Section 206AA of the Income Tax Act.
What is the threshold limit for TDS?
Threshold limits vary by payment type. For example, interest on securities has a threshold of ₹10,000, while rent has a threshold of ₹2,40,000 per year.
When should TDS be deducted?
TDS should be deducted at the time of payment or credit, whichever is earlier. The deducted TDS must be deposited with the government within the due dates.
What is Form 16A?
Form 16A is a certificate issued by the deductor showing the TDS deducted and deposited. It is issued quarterly and can be downloaded from the Income Tax Department website.
Can TDS be refunded?
Yes, if the TDS deducted is more than your actual tax liability, you can claim a refund while filing your income tax return.
Is this calculator free to use?
Yes, the TDS calculator is completely free to use. There are no registration requirements or usage limits.
Advisory
Purpose of this Calculator: This TDS Calculator is designed to help taxpayers and deductors understand the Tax Deducted at Source (TDS) requirements for various types of payments. It provides an estimate of TDS amount, threshold limits, and compliance requirements based on the information provided.
How to Use:
- Select the appropriate Assessment Year (AY) for which you want to calculate TDS
- Choose the payment type from the dropdown (e.g., Salary, Interest, Rent, Professional Fees, etc.)
- Enter the payment amount (gross amount before TDS deduction)
- Select whether the payee is a resident or non-resident
- Indicate if PAN has been provided by the payee
- For contractor payments, select the payee type (Individual/HUF or Others)
- Click "Calculate TDS" to get the TDS amount and net payable
Important Points to Remember:
- This calculator provides an estimate only and should not be considered as final TDS calculation
- TDS rates and thresholds are based on the Income Tax Act, 1961 and Finance Act provisions
- Different payment types have different TDS rates and threshold limits
- PAN Requirement: If PAN is not provided, TDS will be deducted at higher rate (20% or applicable rate, whichever is higher) as per Section 206AA
- TDS should be deducted at the time of payment or credit, whichever is earlier
- The deducted TDS must be deposited with the government within the due dates
- Form 16A (for non-salary TDS) or Form 16 (for salary TDS) must be issued to the payee
- Threshold limits are annual limits - check cumulative payments during the financial year
- For salary TDS, the calculation is simplified - actual TDS depends on tax slabs and deductions
- Some payments may have specific conditions and exemptions that are not covered in this calculator
Common TDS Sections:
- Section 192: TDS on Salary - Calculated based on estimated tax liability
- Section 193: TDS on Interest on Securities - Rate: 10% (Resident), 20% (Non-Resident), Threshold: ₹10,000
- Section 194: TDS on Dividends - Rate: 10% (Resident), 20% (Non-Resident), Threshold: ₹5,000
- Section 194A: TDS on Interest (Other than Securities) - Rate: 10% (Resident), 20% (Non-Resident), Threshold: ₹40,000
- Section 194C: TDS on Payment to Contractors - Rate: 1% (Individual/HUF), 2% (Others), Threshold: ₹30,000 per contract
- Section 194I: TDS on Rent - Rate: 10% (Land/Building), 2% (Machinery), Threshold: ₹2,40,000
- Section 194J: TDS on Professional Fees - Rate: 10% (Resident), 20% (Non-Resident), Threshold: ₹30,000
Limitations:
- This calculator assumes standard TDS rates and may not account for all special provisions or exemptions
- Some payments may have specific conditions, exemptions, or lower rates that are not covered
- Salary TDS calculation is simplified and actual TDS depends on tax slabs, deductions, and other factors
- This tool does not replace professional tax advice for complex TDS compliance situations
- TDS rates and thresholds may change through Finance Acts, notifications, or circulars
- This calculator does not validate PAN or verify payee details
Disclaimer
Accuracy and Liability: While every effort has been made to ensure the accuracy of the calculations, this calculator is provided "as is" without warranty of any kind, either express or implied. The calculations are based on the Income Tax Act, 1961 and Finance Act provisions as applicable, but may not reflect all recent amendments, circulars, notifications, or clarifications issued by the Income Tax Department or CBDT.
Not a Substitute for Professional Advice: This calculator is intended for general informational purposes only and should not be considered as professional tax advice or TDS compliance guidance. TDS provisions are complex and subject to frequent changes. For accurate TDS compliance, it is recommended to consult with a qualified Chartered Accountant or Tax Advisor who can consider your specific circumstances, payment types, and applicable TDS provisions.
No Legal Binding: The results provided by this calculator are estimates only and do not constitute a binding determination of TDS liability. The actual TDS to be deducted will be determined based on the Income Tax Act provisions, applicable rates, thresholds, and specific circumstances of each payment. Users are responsible for ensuring compliance with TDS provisions.
User Responsibility: Users are solely responsible for the accuracy of the information entered into this calculator. Incorrect or incomplete information will lead to inaccurate results. Users should verify all calculations independently and cross-reference with the Income Tax Act, relevant sections, and official notifications. Users must ensure proper TDS deduction, deposit, and return filing as per applicable laws.
TDS Compliance: This calculator does not ensure TDS compliance. Users must ensure that TDS is deducted correctly, deposited within due dates, and proper returns (Form 24Q, 26Q, 27Q, etc.) are filed. Non-compliance with TDS provisions may result in penalties and interest under the Income Tax Act.
Updates and Changes: TDS rates, thresholds, and provisions may change from time to time through Finance Acts, notifications, circulars, or clarifications. While we strive to keep this calculator updated, there may be delays in incorporating the latest changes. Users are advised to verify current TDS provisions from official sources such as the Income Tax Department website (incometaxindia.gov.in) or consult with tax professionals.
PAN Validation: This calculator does not validate PAN numbers. Users must ensure that valid PAN is obtained from payees before making payments. Deduction of TDS without PAN or with invalid PAN may result in higher TDS rates and compliance issues.
Limitation of Liability: The developers and operators of this calculator shall not be liable for any loss or damage, including but not limited to indirect or consequential loss or damage, arising from the use of or reliance on this calculator or its results. This includes but is not limited to penalties, interest, or other consequences of incorrect TDS deduction or non-compliance. Users agree to use this calculator at their own risk.
Official Sources: For official TDS calculations, compliance requirements, filing returns, and TDS-related queries, please refer to the Income Tax Department's official website (incometaxindia.gov.in) or consult with authorized tax professionals and Chartered Accountants.
By using this calculator, you acknowledge that you have read, understood, and agree to this disclaimer.
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