TDS Calculator
Calculate TDS applicable on salary, FD interest, rent and contracts
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Results
| Scenario | Result |
|---|---|
| FD interest ₹1 lakh, PAN available | TDS: ₹10,000, Net: ₹90,000 |
| Rent ₹75,000/month × 12 | TDS: ₹54,000, Net: ₹8,46,000 |
TDS is a mechanism to collect tax at the source of income. Common TDS rates: FD interest 10%, Rent 5%, Professional fees 10%, Contractor payments 1–2%. TDS deducted shows in Form 26AS and can be claimed as credit when filing ITR.
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- TDS (Tax Deducted at Source) is tax collected at the point of payment. The payer deducts a percentage and deposits it with the government. You get credit for TDS when filing your income tax return.
- If your total income is below the taxable limit, submit Form 15G (below 60 years) or Form 15H (senior citizens) to your bank. This prevents TDS deduction on FD interest.
- Without PAN, TDS is deducted at 20% or double the applicable rate — whichever is higher. Always provide your PAN to the deductor.
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