TDS Calculator
Calculate Tax Deducted at Source for different income types. See applicable rates and thresholds.
Section 194A - Interest (Banks)10%
Interest on savings/FD from banks
Threshold: $40,000 (TDS applies above this amount)
TDS Rate
10%
TDS Deducted
$50,000
Net Amount
$450,000
Gross Amount$500,000
Threshold Limit$40,000
TDS Applicable?Yes
TDS @ 10%-$50,000
Amount You Receive$450,000
TDS Rate Chart
| Section | Income Type | Rate |
|---|---|---|
| 192 | Salary | 0% |
| 194A | Interest (Banks) | 10% |
| 194A | Interest (Others) | 10% |
| 194B | Lottery/Crossword | 30% |
| 194BB | Horse Race Winnings | 30% |
| 194C | Contractor (Individual) | 1% |
| 194C | Contractor (Company) | 2% |
| 194D | Insurance Commission | 5% |
| 194H | Commission/Brokerage | 5% |
| 194I | Rent (Land/Building) | 10% |
| 194I | Rent (Plant/Machinery) | 2% |
| 194J | Professional Fees | 10% |
| 194LA | Compensation (Land) | 10% |
| 194N | Cash Withdrawal | 2% |
| 194O | E-commerce | 1% |
| 194Q | Purchase of Goods | 0.1% |
Understanding TDS
What is TDS?
Tax Deducted at Source (TDS) is income tax deducted by the payer before making payment. It is collected by the government as advance tax.
No PAN Penalty
If the payee does not furnish PAN, TDS is deducted at 20% or the applicable rate, whichever is higher (Section 206AA).
TDS Return Filing
Deductors must file quarterly TDS returns (Form 26Q, 24Q, 27Q, 27EQ) and issue TDS certificates (Form 16/16A).
Claiming TDS Credit
TDS can be claimed as credit when filing income tax return. Check Form 26AS or AIS for TDS details.
Form 15G/15H
Submit Form 15G (below 60) or 15H (senior citizens) to avoid TDS deduction if total income is below taxable limit.