TDS Calculator
Calculate TDS on salary, interest, rent, and other income. Free Tax Deducted at Source calculator for India.
Calculator widget coming soon. Use the information below to understand this tool.
What is TDS Calculator?
A TDS (Tax Deducted at Source) calculator helps you estimate the tax deducted on various income sources. It covers TDS on salary, bank interest, rent, professional fees, and other payments.
How It Works
The calculator applies the applicable TDS rate to your income based on the payment type and your tax profile to compute the TDS amount.
Formula & Calculation Method
TDS rates vary: Salary (progressive slabs), Interest (10%), Rent - HUF/Individual (10%), Rent - Others (30%), Professional Fees (10%), Commission (5%).
Examples
TDS on Interest
1Interest income: ₹1,00,000
2TDS threshold exceeded: Yes
3TDS rate: 10%
4TDS amount: ₹10,000
5Net interest received: ₹90,000
TDS: ₹10,000
Benefits
- 1Understand TDS deductions
- 2Plan for refunds
- 3Ensure correct TDS rates
- 4Avoid excess TDS deduction
- 5Better tax planning
Common Use Cases
Expert Tips
- 1Always provide PAN to avoid 20% TDS
- 2Submit Form 15G/15H if eligible
- 3Verify TDS with Form 26AS quarterly
- 4Claim TDS credit while filing ITR
- 5Correct wrong TDS deductions promptly
Common Mistakes to Avoid
- !Not providing PAN to avoid higher TDS
- !Not submitting Form 15G/15H for nil TDS
- !Ignoring TDS on rental income
- !Mismatching TDS with Form 26AS
- !Not claiming TDS while filing ITR
Frequently Asked Questions
Find answers to common questions about this calculator below.
TDS (Tax Deducted at Source) is tax deducted by the payer before making certain payments. TDS rates vary by payment type: salary (as per slab), interest (10%), rent (10-30%), professional fees (10%), and commission (5%).
TDS on interest is 10% if total interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. 20% TDS applies if PAN is not provided. No TDS if Form 15G/15H is submitted.