TDS Calculator
The TDS calculator is an online tool that helps you determine the amount of tax that you have to deduct while making different types of payments. The TDS rate and threshold are different for different types of payments. Hence, the TDS calculator helps you calculate the TDS amount for different payments according to the Income-tax Act, 1961.
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TDS Applicable
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TDS Calculator
Calculate Your TDS Applicable
Resident
2024-2025
Yes
192A - Premature withdrawal from EPF
₹
TDS Applicable
₹ 0
How have we calculated your TDS?
The TDS Calculator helps you estimate how much TDS should be deducted from various income sources. Tax Deducted at Source (TDS) is a mechanism where tax is deducted at the time of income payment.
TDS Calculator: Simplify Your Tax Deduction Calculations
The TDS Calculator helps you estimate how much TDS should be deducted from various income sources. Tax Deducted at Source (TDS) is a mechanism where tax is deducted at the time of income payment.
Who can make use of the TDS Calculator?
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Banks
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Commission Agents
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Contractors
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Employers
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Freelancers
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Tax Consultants
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Salaried Individuals
Why Use a TDS Calculator?
Computing TDS manually can be confusing. The TDS Calculator helps you:
• Determine TDS liability for different types of income.
• Ensure compliance with tax regulations.
• Avoid penalties for incorrect deductions.
How to Use the TDS Calculator
Our TDS Calculator will show you the TDS deducted, if any. It is simple to use; just enter the required details, and the TDS deducted will be displayed.
1. Recipient Details: Select whether you are an individual or fall under the others category. Also, indicate if you are a PAN holder or not.
2. Type of Payment: Choose the applicable payment type from the provided list.
3. Payment Amount: Enter the total payment made.
Once you input these details, the TDS Calculator will instantly compute the TDS amount applicable.
Illustration
Example 1 (Salary TDS Calculation):
A person earns ₹10 lakh annually and has ₹1.5 lakh deductions.
• Taxable Income = ₹8.5 lakh.
• TDS = As per applicable tax slab.
Example 2 (Fixed Deposit TDS Calculation):
A person earns ₹60,000 interest on FD.
• TDS @ 10% = ₹6,000.
Conclusion
Understanding TDS helps in better tax planning. Use our TDS Calculator to compute deductions accurately and ensure compliance!
