Calculate TDS on salary, interest, rent, professional fees and contractor payments for India.
Last updated: March 2026
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Using the ToolsHub TDS Calculator is straightforward. Follow these steps to find out how much TDS will be deducted from your payment:
The calculator auto-computes results whenever you change any input, so you can quickly compare TDS across different payment types and amounts.
The following table lists the commonly applicable TDS rates under the Income Tax Act. These rates apply when the payee has furnished a valid PAN. Without PAN, TDS is deducted at 20% or the rate in the table, whichever is higher.
| Section | Nature of Payment | TDS Rate | Threshold (Rs) |
|---|---|---|---|
| 192 | Salary | Slab rate | Basic exemption limit |
| 193 | Interest on Securities | 10% | 10,000 |
| 194 | Dividends | 10% | 5,000 |
| 194A | Interest other than Securities | 10% | 40,000 / 50,000* |
| 194C | Contractor — Individual/HUF | 1% | 30,000 single / 1,00,000 aggregate |
| 194C | Contractor — Others | 2% | 30,000 single / 1,00,000 aggregate |
| 194H | Commission / Brokerage | 5% | 15,000 |
| 194I | Rent | 10% | 2,40,000 |
| 194J | Professional / Technical Fees | 10% | 30,000 |
| 194LA | Compensation on land acquisition | 10% | 2,50,000 |
| 194DA | Life Insurance payout | 5% | 1,00,000 |
*For senior citizens (60+), the threshold under Section 194A is Rs 50,000. For salary (Section 192), TDS is deducted at the applicable income tax slab rates.
TDS is deducted at the time of making a payment or at the time of crediting the amount to the payee's account, whichever is earlier. The key scenarios where TDS applies include:
Individuals and HUFs who are not subject to tax audit are generally not required to deduct TDS (except on rent under Section 194-IB). Entities like companies, firms and government bodies are always required to deduct TDS.
Deductors must file quarterly TDS returns with the Income Tax Department. Here is the process:
TDS returns can be filed online through the TRACES portal or using authorised software like Saral TDS, Gen TDS, or e-TDS RPU provided by NSDL.
Form 26AS is your consolidated Annual Tax Statement maintained by the Income Tax Department. It acts as a passbook of all taxes deducted and deposited against your PAN. The statement includes:
You can view Form 26AS by logging into the income tax e-filing portal at incometax.gov.in or through the TRACES website. Always verify that TDS reflected in Form 26AS matches the amounts deducted from your payments before filing your income tax return. If there is a mismatch, contact the deductor and ask them to file a correction return.
TDS stands for Tax Deducted at Source. It is a system where the payer deducts a portion of the payment as tax before transferring the balance to the payee. The payer (deductor) is legally responsible for deducting TDS at the correct rate, depositing it with the government and filing quarterly TDS returns. Employers, banks, businesses and government entities are common deductors.
Under Section 206AA, if the payee does not furnish their PAN, TDS must be deducted at the higher of 20% or the rate specified in the relevant section. This means your TDS could be significantly higher than normal. Always provide your PAN to the deductor to ensure TDS is deducted at the correct lower rate.
Form 26AS is your Annual Tax Statement that consolidates all TDS deducted against your PAN, taxes paid and financial transactions. It is available on the income tax e-filing portal and the TRACES website. You should verify it before filing your return to ensure all TDS credits are correctly reflected.
Yes. If total TDS deducted exceeds your actual tax liability for the year, you can claim a refund by filing your income tax return. The refund is processed and credited to your bank account. To avoid excess TDS in the first place, you can submit Form 15G (below 60 years) or Form 15H (senior citizens) to banks if your total income is below the taxable limit.
Under Section 194A, banks deduct TDS at 10% on interest from deposits when total interest exceeds Rs 40,000 in a financial year (Rs 50,000 for senior citizens aged 60 and above). If interest earned is below this threshold, no TDS is deducted.
TDS deducted during a month must be deposited by the 7th of the next month using Challan No. 281. For March, the due date is 30th April. Late deposit attracts interest at 1.5% per month. The deductor must also file quarterly returns in Form 24Q (salary) or 26Q (non-salary).