MonexMintMONEX MINT

TDS Calculator

Calculate Tax Deducted at Source (TDS) on various income types. FY 2024-25 rates — interest, rent, professional fees, and more.

TDS Details

Select the type of income or payment

Total amount before TDS deduction

TDS doubles to 20% if PAN is not provided

📋

Enter payment details to calculate TDS

About TDS (Tax Deducted at Source)

TDS is tax collected at source by the payer and deposited with the government. It ensures advance tax collection and reduces tax evasion.

Common TDS Sections & Rates

SectionPayment TypeRateThreshold
194AFD / Bank Interest10%₹40K (₹50K Sr)
194I(b)Rent — Land/Building10%₹2.4L
194I(a)Rent — Plant/Machinery2%₹2.4L
194JProfessional/Technical Fees10%₹30K
194CContractor Payment1%₹30K
194HCommission/Brokerage5%₹15K
194BLottery/Winnings30%₹10K
194DAInsurance Maturity5%₹1L
194Dividend10%₹5K

TDS Without PAN

  • Rate: 20% (flat) if PAN not provided to payer
  • Example: ₹1L professional fee → ₹20K TDS vs ₹10K with PAN
  • Tip: Always share PAN with the payer immediately

Form 15G / 15H — Avoid TDS

  • Form 15G: Below 60 years, total income below taxable limit
  • Form 15H: Senior citizens (60+), no tax liability
  • Purpose: Request payer not to deduct TDS
  • Valid for: One financial year — renew each April

How to Claim TDS Credit

  • Form 26AS: Download from income-tax portal — shows all TDS entries
  • ITR Filing: Claim TDS credit in your tax return
  • Refund: If TDS paid exceeds actual tax, refund is issued after ITR processing

TDS Certificates

  • Form 16: TDS on salary — issued by employer by 15 June
  • Form 16A: TDS on non-salary — issued quarterly by payer

TDS Due Dates

  • Deposit: 7th of the following month
  • Quarterly Returns: Q1 → 31 Jul | Q2 → 31 Oct | Q3 → 31 Jan | Q4 → 31 May
  • Late deposit interest: 1.5% per month
  • Late return penalty: ₹200 per day