TDS Calculator

TDS (Tax Deducted at Source) is income tax deducted by the payer before making a payment — on salary, interest, rent, professional fees, and more. It is credited to your PAN and appears in Form 26AS. You can claim credit or refund when filing your ITR.

Common rates: salary — as per slab; bank/post-office deposit interest — 10% (threshold ₹50,000 / ₹1,00,000 for seniors); rent over ₹50,000/mo — 2% for individual/HUF tenants under 194-IB, or 10% for business deductors under 194-I; professional fees (194J) — 10%; contractor (194C) — 1% individual/HUF, 2% others; commission (194H) — 2%.

For FY 2026-27, banks deduct 10% TDS when aggregate FD/RD interest across all your branches in that bank exceeds ₹50,000 per FY (₹1,00,000 for senior citizens). Submit Form 15G/15H if your total income is below the taxable limit to avoid TDS.

Yes. If the TDS deducted exceeds your actual tax liability, you claim the excess as a refund while filing ITR. The refund is usually credited to your bank account within 3-8 weeks after ITR processing.

TDS is tax DEDUCTED at source by the payer (e.g., bank deducts on your interest). TCS is tax COLLECTED at source by the seller/collector (e.g., car dealer on vehicle > ₹10 lakh, LRS foreign remittance generally above ₹10 lakh). Both appear in Form 26AS/AIS and can be adjusted against your annual tax.

Under Section 206AA, if you don't provide a PAN or provide an invalid PAN, TDS is deducted at a higher of: the specified rate, the rate in force, or 20%. Always submit a valid PAN to the deductor to avoid this.