What is TDS Calculator?
Calculate TDS (Tax Deducted at Source) amount and applicable rate for salary, interest, rent, professional fees, and other payments Simply enter your values, and the calculator instantly computes accurate results using standard financial formulas. All calculations are performed entirely in your browser — nothing is stored or transmitted.
Formula Used
TDS rates vary by income type: Salary (as per slab), FD Interest 10% (Sec 194A), Rent 10% (Sec 194I), Professional fees 10% (Sec 194J), Contractor 1-2% (Sec 194C). Higher rate (20%) applies without PAN.
How to Use This Calculator
- Select the nature of payment (salary, interest, rent, professional fees, etc.)
- Enter the gross payment amount
- Enter PAN availability (rate doubles to 20% without valid PAN)
- Click Calculate to see TDS amount, net payment, and applicable section
- Use for both deductor and deductee calculations
Worked Example
Rent: ₹30,000/month | Annual: ₹3,60,000 | Sec 194I TDS: 10% → TDS: ₹36,000 | Net Rent Received: ₹3,24,000 | TDS credit available to landlord
Why Use This Tool?
- Know exact TDS to deduct before making payments
- Avoid penalties for incorrect or non-deduction of TDS
- Calculate TDS on salary with all components
- Find threshold limits below which TDS does not apply
Frequently Asked Questions
What is TDS and who deducts it?
TDS (Tax Deducted at Source) is a mechanism where the payer deducts tax at the time of payment and deposits it with the government. The deductor (employer, bank, tenant) is legally responsible for deducting and remitting TDS. The deductee gets credit for TDS via Form 26AS.
What is the TDS rate on salary?
TDS on salary is deducted as per your applicable income tax slab (5%, 20%, or 30%). Your employer calculates projected annual income, deductions, and deducts proportionate TDS each month. Inform your employer of all deductions (80C, HRA, etc.) to avoid excess TDS.
How to avoid TDS on FD interest?
Submit Form 15G (if below 60 years and total income below taxable limit) or Form 15H (if 60+ years) to your bank at the beginning of each financial year. The bank will not deduct TDS on FD interest if a valid form is submitted. This is valid only if your total income is below the taxable limit.
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