TDS Calculator
📄 TDS Calculator
Tax Deducted at Source
TDS Calculator – Calculate Tax Deducted at Source Easily
A TDS Calculator is a essential financial tool that helps you calculate the amount of tax to be deducted from various payments such as salary, interest, rent, professional fees, contract payments, and more. TDS is a mechanism introduced by the Income Tax Department to collect tax at the source of income itself, ensuring regular income flow to the government and reducing tax evasion.
How Does TDS Work?
Common TDS Sections and Rates
| Section | Nature of Payment | TDS Rate | Threshold Limit |
|---|---|---|---|
| 192 | Salary | As per income slab | Basic exemption limit |
| 194A | Interest (Bank/Post Office) | 10% | ₹40,000 (₹50,000 for senior citizens) |
| 194C | Contract/Sub-contract | 1% (Individual/HUF) / 2% (Others) | ₹30,000 per payment / ₹1,00,000 annually |
| 194H | Commission/Brokerage | 5% | ₹15,000 |
| 194I | Rent | 2% (Plant/Machinery) / 10% (Land/Building) | ₹2,40,000 annually |
| 194J | Professional/Technical Fees | 10% | ₹30,000 |
| 194K | Mutual Fund Dividends | 10% | ₹5,000 |
| 194Q | TDS on Purchase of Goods | 0.1% | ₹50 lakhs annually |
| 194R | TDS on Benefits/Perquisites | 10% | ₹20,000 |
| 194S | TDS on Crypto/Virtual Digital Assets | 1% | ₹10,000 (₹50,000 for specified persons) |