Calculate Tax Deducted at Source for any payment type - salary, interest, rent, professional fees and more - with section-wise rates.
TDS must be deposited by the 7th of the following month. March TDS deadline: 30th April. Late deposit attracts 1.5%/month interest.
Submit Form 15G (below 60) or 15H (senior citizens) to the bank/payer if your total income is below the taxable limit - stops TDS deduction.
If the recipient doesn't furnish PAN, TDS is deducted at 20% or double the applicable rate, whichever is higher (Sec 206AA).
If excess TDS was deducted, claim a refund by filing your ITR. Refunds are typically processed within 20–45 days via direct bank transfer.
Tax Deducted at Source (TDS) is a mechanism introduced under the Income Tax Act, 1961, through which tax is collected at the point of income generation rather than at year-end filing. The payer (deductor) deducts a specified percentage from payments made for salaries, rent, professional fees, commissions, interest, and other specified heads, and deposits it to the government on the recipient's (deductee's) behalf. TDS was significantly expanded in scope through successive Union Budgets, and as of AY 2024-25, covers over 30 payment categories under Sections 192 to 195 of the Income Tax Act.
Common TDS rates include 10% on professional and technical fees (Section 194J) above Rs. 30,000 per year, 2% on contractor payments (Section 194C) above Rs. 30,000 per transaction or Rs. 1 lakh aggregate, and 30% on winnings from lotteries and game shows (Section 194B). Salaried employees have TDS deducted under Section 192 based on applicable income tax slab rates. From FY 2023-24, Section 194BA applies TDS at 30% on online gaming winnings above Rs. 100 per transaction. Businesses filing TDS returns must submit quarterly TDS statements (Form 24Q, 26Q, 27Q) within 31 days of the quarter's end.
This TDS calculator lets you input payment category, amount, and PAN status to instantly compute the applicable TDS amount, net payment, and the gross-up figure required if you wish to absorb TDS on behalf of the payee. Lower deduction certificates under Section 197 can reduce TDS rates for eligible deductees.