TDS Calculator
Calculate Tax Deducted at Source (TDS) for salary, professional fees, rent, and other payments.
PAN Available?
Without PAN, TDS rate is higher (usually 20%)
Section 194J — TDS threshold: ₹30,000/year | With PAN: 10% | Without PAN: 20%
Payment Amount
₹50,000
TDS Amount
₹5,000
Net Amount Received
₹45,000
Applicable TDS Rate: 10%
Formula
TDS Amount = Payment Amount × TDS Rate / 100
- Section 192 — Salary — rate depends on income slab
- Section 194J — Professional fees — 10% with PAN, threshold Rs. 30,000
- Section 194I — Rent — 10% with PAN, threshold Rs. 2,40,000/year
- Section 194C — Contractor — 1% with PAN, threshold Rs. 30,000
- Section 194A — Interest — 10% with PAN, threshold Rs. 40,000/year
What is TDS (Tax Deducted at Source)?
Tax Deducted at Source (TDS) is a mechanism where the payer deducts tax at the time of making a payment and deposits it directly with the government. It is governed by the Income Tax Act 1961 and applies to various types of payments including salary, professional fees, rent, contractor payments, and interest income. TDS ensures a steady flow of tax revenue to the government throughout the year rather than waiting for annual tax filing.
The person making the payment is called the deductor and the person receiving the payment is called the deductee. The deductor is responsible for deducting TDS at the applicable rate and depositing it with the government within the specified due date. The deductee can claim credit for the TDS deducted while filing their income tax return.
TDS Rates for Common Payments
Different types of payments attract different TDS rates under various sections of the Income Tax Act. Professional fees under Section 194J attract 10% TDS if the annual payment exceeds Rs. 30,000. Rent payments under Section 194I attract 10% TDS if annual rent exceeds Rs. 2,40,000. Contractor payments under Section 194C attract 1% TDS for individuals and 2% for companies if payment exceeds Rs. 30,000 per transaction or Rs. 1 lakh annually. Bank interest under Section 194A attracts 10% TDS if annual interest exceeds Rs. 40,000 (Rs. 50,000 for senior citizens).
TDS Without PAN
If the deductee does not provide their PAN (Permanent Account Number), the deductor must deduct TDS at a higher rate — either the applicable rate, the rate in force, or 20%, whichever is higher. This is why it is always advisable to provide your PAN to avoid excess TDS deduction. The excess TDS can be claimed as a refund while filing your income tax return, but it involves waiting for the refund process.
Our TDS calculator helps you instantly calculate the TDS amount for various payment types with or without PAN. It also shows you whether the payment falls below the threshold limit, in which case no TDS is applicable. Use this calculator to plan your payments and understand your net receivable amount after TDS deduction.