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Calculate Tax Deducted at Source for salary, bank interest, rent, contractor payments, and professional fees. Check applicable rates, thresholds, and net amount after TDS.
Basic + HRA + Allowances + Bonuses
TDS Rate
₹0
0.00%
Threshold
₹0
No threshold
TDS Amount
₹0
Amount After TDS
₹5,00,000
TDS is a system introduced by the Income Tax Department of India where the person making specified payments is responsible for deducting tax at source before making the payment. The deducted tax is then deposited with the government on behalf of the recipient.
Common payments subject to TDS include salaries, interest from banks, rent, payments to contractors, professional fees, commission, and brokerage. TDS ensures a steady collection of revenue for the government and also reduces the burden of lump sum tax payment for taxpayers.
Person/entity making the payment and deducting TDS
Person/entity receiving the payment (taxpayer)
Receives the deducted TDS via challan 281
| Category | Section | TDS Rate | Threshold | Without PAN |
|---|---|---|---|---|
| Salary | 192 | As per income tax slab | — | As per slab |
| Bank Interest | 194A | 10% | ₹40,000/yr (₹50,000 for 60+) | 20% |
| Rent (Individual / HUF) | 194IB | 5% | ₹50,000/month | 20% |
| Rent (Others) | 194I | 10% | ₹2,40,000/year | 20% |
| Contractor (Individual / HUF) | 194C | 1% | ₹75,000/transaction | 20% |
| Contractor (Others) | 194C | 2% | ₹75,000/transaction | 20% |
| Professional Fees | 194J | 10% | ₹30,000/year | 20% |
| Commission / Brokerage | 194H | 5% | ₹15,000/year | 20% |
| Payment to NRI (Interest) | 195 | 20% + surcharge | — | 20% |
If the total TDS deducted during the financial year is more than your actual tax liability, you are eligible for a refund. Follow these steps:
Log in to the Income Tax e-filing portal and verify all TDS entries under Form 26AS.
File your Income Tax Return before the due date (July 31 for non-audit cases).
Enter all income, deductions, and TDS credits. The system auto-calculates refund.
Refund is credited to your pre-validated bank account, usually within a few weeks.
A: The person or entity making the payment (deductor) is responsible for deducting TDS before making the payment. For salaries, it is the employer. For rent, it is the tenant. For interest, it is the bank or financial institution.
A: If TDS is not deposited on time, interest is charged at 1.5% per month from the date of deduction till the date of deposit. Additionally, a late filing fee of ₹200 per day may apply for late TDS returns under Section 234E.
A: TDS cannot be avoided if your income exceeds the specified threshold. However, you can submit Form 15G (for individuals below 60) or Form 15H (for senior citizens) to the bank if your total income is below the taxable limit, to avoid TDS on interest.
A: For government deductors: same day. For other deductors: 7th of the next month for all months, except for March where it is 30th April. TDS returns (24Q, 26Q, etc.) are filed quarterly.
A: Yes, TDS is applicable on FD interest for senior citizens if the annual interest exceeds ₹50,000 (₹40,000 for non-seniors). Senior citizens can submit Form 15H if their total income is below the taxable limit.
A: TDS on salary is calculated based on the employee's estimated total income for the year, applicable tax slab, regime (old or new), and eligible deductions. The employer divides the annual tax liability by the number of remaining months to determine monthly TDS.
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