TDS Calculator
Calculate Tax Deducted at Source for all sections - 194A, 194C, 194H, 194I, 194J, 194B, 194N, 192
TDS Calculator
Interest other than interest on securities
TDS Rate Information
With PAN
10%
Without PAN
20%
Threshold Limit
₹5,000
Calculation Results
Payment Breakdown
Total
₹1,00,000
📐 Show Your Work
Identify TDS Section
194A - Interest (Non-Bank)
Check Threshold
Payment: ₹1,00,000 × 1 = ₹1,00,000 vs Threshold: ₹5,000
Determine Rate
With PAN: 10%
Calculate TDS
₹1,00,000 × 10% = ₹10,000
Net Payment
₹1,00,000 - ₹10,000 = ₹90,000
📊 TDS Rates Comparison
📋 Complete TDS Rate Table (FY 2025-26)
| Section | Nature of Payment | Threshold | With PAN | Without PAN |
|---|---|---|---|---|
| 194A | Interest (Non-Bank) | ₹5,000 | 10% | 20% |
| 194B | Lottery / Gambling | ₹10,000 | 30% | 30% |
| 194C | Contractor (Individual) | ₹30,000 | 1% | 20% |
| 194C-Others | Contractor (Others) | ₹30,000 | 2% | 20% |
| 194D | Insurance Commission | ₹15,000 | 5% | 20% |
| 194H | Commission / Brokerage | ₹15,000 | 5% | 20% |
| 194I-Land | Rent (Land/Building) | ₹2,40,000 | 10% | 20% |
| 194I-Plant | Rent (Plant/Machinery) | ₹2,40,000 | 2% | 20% |
| 194J-Professional | Professional Fees | ₹30,000 | 10% | 20% |
| 194J-Technical | Technical Fees | ₹30,000 | 2% | 20% |
| 194N | Cash Withdrawal | ₹1,00,00,000 | 2% | 20% |
| 194Q | Purchase of Goods | ₹50,00,000 | 0.1% | 5% |
| 192 | Salary | - | 0% | 0% |
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📖 Learn More About TDS Calculator
Understanding TDS (Tax Deducted at Source)
Tax Deducted at Source (TDS) is one of the most important mechanisms for tax collection in India. Introduced under the Income Tax Act, 1961, TDS requires the payer (deductor) to deduct tax at the time of making specified payments to the recipient (deductee). This ensures that the government receives tax revenue throughout the year rather than waiting for year-end tax returns.
Common TDS Sections and Their Applications
- Section 192: TDS on salary is deducted by employers based on the employee's income tax slab. The employer calculates the estimated annual salary, applies deductions, and deducts tax accordingly.
- Section 194A: Applies to interest payments (other than interest on securities) by banks, co-operative societies, or post offices when annual interest exceeds ₹5,000.
- Section 194C: Covers payments to contractors and sub-contractors. Individual/HUF contractors attract 1% TDS, while others attract 2%.
- Section 194H: Commission and brokerage payments exceeding ₹15,000 annually attract 5% TDS.
- Section 194I: Rent payments for land/building (10%) or plant/machinery (2%) exceeding ₹2,40,000 annually.
- Section 194J: Professional fees (10%) and technical fees (2%) exceeding ₹30,000 annually.
- Section 194B: Winnings from lotteries, crossword puzzles, card games exceeding ₹10,000 attract 30% TDS.
- Section 194N: Cash withdrawals exceeding ₹1 crore from banks attract 2% TDS (20% if no ITR filed).
- Section 194Q: Buyers with turnover exceeding ₹10 crore must deduct 0.1% TDS on purchases exceeding ₹50 lakh from a seller.
TDS Compliance Requirements
Every deductor must obtain a TAN (Tax Deduction Account Number) before deducting TDS. After deduction, the tax must be deposited with the government by the 7th of the following month (30th April for March). Quarterly TDS returns must be filed using Forms 24Q (salary), 26Q (non-salary payments to residents), and 27Q (payments to non-residents).
TDS Certificates and Credit
Deductors must issue TDS certificates (Form 16 for salary, Form 16A for non-salary) to deductees. The deducted tax is credited to the deductee's PAN in Form 26AS, which can be claimed as tax credit when filing income tax returns. It's crucial to verify that TDS credits appear correctly in Form 26AS to avoid discrepancies and potential tax demands.
Frequently Asked Questions
What is TDS (Tax Deducted at Source)?
TDS is a system where the person making specified payments (deductor) deducts tax at source before paying the recipient (deductee). The deducted tax is then deposited with the government. It ensures regular collection of tax and reduces tax evasion.
When is TDS required to be deducted?
TDS must be deducted when the payment exceeds the specified threshold limit for each section. For example, TDS under 194A (Interest) is deducted when annual interest exceeds ₹5,000. The deductor must have a valid TAN (Tax Deduction Account Number).
What are the due dates for TDS payment?
For government deductors: Same day. For other deductors: 7th of next month (for April-February), 30th April (for March). TDS returns (Quarterly) are due on 31st July (Q1), 31st October (Q2), 31st January (Q3), and 31st May (Q4).
What are the penalties for non-deduction or late payment of TDS?
Non-deduction: 1% interest per month from the date TDS was deductible till actual deduction. Late payment: 1.5% per month from deduction date to payment date. Late filing fee: ₹200 per day (max TDS amount). Penalty: ₹10,000 to ₹1,00,000 for incorrect filing.
What is the difference between TDS rates with PAN and without PAN?
If the deductee provides a valid PAN, TDS is deducted at the normal prescribed rate. Without PAN, TDS must be deducted at a higher rate of 20% (or the prescribed rate, whichever is higher) as per Section 206AA.
Can TDS be deducted at a lower rate or nil rate?
Yes, the deductee can apply for a Lower/Nil TDS Certificate (Form 13) from the Assessing Officer under Section 197 if their total income is below taxable limit or eligible for refund.