TDS Calculator Online 2024-25
Interest on deposits • Threshold: ₹40,000
Quick TDS Rate Reference
About TDS Calculator
Calculate TDS (Tax Deducted at Source) instantly with our free online TDS calculator. Know exactly how much TDS will be deducted on salary, bank interest, rent, professional fees, contractor payments, commission, and more. Updated with latest TDS rates and thresholds for FY 2024-25 as per Income Tax Act.
How to Use This Tool
Select Currency
Choose your preferred currency from the dropdown for display purposes.
Select Payment Type
Choose the type of payment from the dropdown - salary, interest, rent, professional fees, commission, contractor payment, etc. Each has a different TDS section code and rate.
Enter Payment Amount
Input the gross payment amount. The calculator will check if it exceeds the threshold limit for TDS deduction.
PAN Status
Indicate if the payee has a valid PAN. If no PAN is provided, TDS is deducted at higher rate of 20% or double the normal rate.
Frequently Asked Questions
What is TDS and why is it deducted?
TDS (Tax Deducted at Source) is a method of collecting income tax at the source of income. The payer deducts tax before making payment and deposits it with the government. This ensures regular tax collection and reduces tax evasion.
What is the TDS rate on salary?
TDS on salary (Section 192) is deducted based on the applicable income tax slab rates. Your employer estimates your total income and deducts TDS monthly so that the entire year's tax is collected evenly.
What happens if TDS is deducted but I'm not liable to pay tax?
You can claim a refund by filing your Income Tax Return (ITR). The excess TDS deducted will be refunded to your bank account after ITR processing.
What is the TDS rate if PAN is not provided?
If the payee does not provide PAN, TDS is deducted at 20% or at twice the applicable rate, whichever is higher, as per Section 206AA.
Key Features
- •Multi-Currency Support (INR, USD, EUR, GBP, AED, etc.)
- •All TDS Sections Covered (192, 194A, 194C, 194H, 194I, 194J, etc.)
- •Updated FY 2024-25 TDS Rates
- •Threshold Limit Checking
- •Higher TDS Rate for Non-PAN Cases
- •Instant Net Amount Calculation
Why TDS Calculator Matters
Our TDS calculator helps employers, businesses, freelancers, and landlords calculate exact TDS to be deducted on various payments. Avoid penalties for short deduction or late payment. Ensure compliance with Income Tax Act and make accurate TDS deposits. 100% free, instant results, no registration required.