TDS Calculator Online – Tax Deducted at Source Calculator TDS कैलकुलेटर – स्रोत पर कर कटौती की सही गणना करें

What is TDS (Tax Deducted at Source)?

TDS stands for Tax Deducted at Source. It is a method of collecting income tax where tax is deducted from payments such as salary, interest, rent, professional fees, commission, and contract payments. The payer deducts TDS and deposits it with the government on behalf of the recipient. This ensures regular tax collection and reduces tax evasion.

Why is TDS Deducted?

• To ensure that tax is collected in advance
• To avoid large year-end tax payments
• To maintain transparency and reduce tax evasion
• To ensure continuous revenue flow to the government

Common TDS Rates in India (FY 2024–25)

• Salary TDS: Based on income tax slabs
• Bank FD Interest: 10%
• Professional Fees (194J): 10%
• Contractor Payments (194C): 1% / 2%
• Rent (194I): 2% (plant/equipment), 10% (land/building)
• Commission/Brokerage (194H): 5%
• Purchase of Property (194IA): 1%

TDS Calculation Formula

1. TDS on Interest / Commission / Professional Fees

                    TDS Amount = (Payment Amount × TDS Rate%) / 100
                    Net Amount Paid = Payment Amount – TDS Amount
                    

2. TDS on Salary

Salary TDS is calculated based on the taxpayer’s income tax slab after considering deductions such as 80C, 80D, HRA, and others.

Example TDS Calculations

Example 1: TDS on Professional Fees

Payment to a consultant = ₹50,000 TDS Rate = 10%
TDS = 50,000 × 10% = ₹5,000
Net Payment = 50,000 – 5,000 = ₹45,000

Example 2: TDS on Bank FD Interest

FD interest earned = ₹20,000 TDS Rate = 10%
TDS = 20,000 × 10% = ₹2,000

Example 3: TDS on Rent

Rent amount = ₹30,000/month TDS Rate = 10%
Monthly TDS = 30,000 × 10% = ₹3,000

When is TDS Not Applicable?

• If income is below the basic exemption limit
• If Form 15G / 15H is submitted (for non-senior/senior citizens)
• If TDS threshold limit is not crossed (e.g., ₹10,000 bank interest earlier)

How to Check Your TDS?

You can check TDS deducted from your income through:

• Form 26AS (Annual Tax Statement)
• TRACES Portal
• Income Tax e-Filing portal
• Your salary slip or bank statement

Who Should Use a TDS Calculator?

• ✔ Salaried employees
• ✔ Freelancers & consultants
• ✔ Property buyers & sellers
• ✔ Business owners making contractor payments
• ✔ Anyone verifying TDS deducted by banks or employers

Benefits of Using a TDS Calculator

• ✔ Helps you verify correct TDS amount
• ✔ Prevents overpayment or underpayment of tax
• ✔ Saves time during tax filing
• ✔ Useful for planning and compliance

Conclusion

TDS is an essential part of India's tax system. Using a TDS Calculator helps track tax deducted from your income, understand your net earnings, and stay compliant with tax laws. Whether you are a salaried individual or a professional, this tool helps you calculate TDS quickly and accurately.