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TDS Calculator

Tax Deducted at Source — rates, thresholds, and net receivable amount for FY 2024-25

tuneTDS Details
Payment Type
Payment Amount (₹)
₹
Annual amount for threshold check
PAN Status

functions TDS Quick Reference

194A FD: 10% | Threshold ₹40,000/yr

194I Rent: 10% | Threshold ₹2,40,000/yr

194C Contractor: 1% / 2% | Threshold ₹30,000

194J Professional: 10% | Threshold ₹30,000

194H Commission: 5% | Threshold ₹15,000

No PAN: Flat 20% rate applies on all above

TDS Amount
₹—
Enter payment amount
Net Amount Receivable
₹—
After TDS deduction
info
Select payment type and enter amount
TDS applicability will appear here
Gross Amount
₹—
Before TDS
TDS Rate
—
Applicable rate
Section
—
Applicable section
Threshold Limit
₹—
Below = no TDS
TDS %
—%
Net Receivable ₹—
TDS Deducted ₹—

What is TDS (Tax Deducted at Source)?

TDS is a mechanism under the Income Tax Act where the payer deducts tax at the source of payment and remits it to the government on behalf of the payee. It applies to salaries, FD interest, rent, professional fees, contractor payments, and commission — each with specific thresholds and rates.

If TDS is deducted in excess of your actual tax liability, you can claim a refund when filing your ITR. Always check Form 26AS or AIS on the Income Tax portal to verify TDS credits against your PAN.

lightbulb Example Calculation
Scenario: FD interest ₹80,000/year, PAN available
1Section 194A applies | Threshold ₹40,000/yr
2Amount (₹80,000) exceeds threshold → TDS applicable
3TDS = ₹80,000 × 10% = ₹8,000 | Net = ₹72,000
✓ Bank credits ₹72,000 and deposits ₹8,000 TDS with govt.
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Frequently Asked Questions

TDS rates, sections, and thresholds explained

What happens if TDS is deducted without PAN?
If the payee does not furnish PAN, TDS is deducted at 20% or the rate specified in the relevant section, whichever is higher. The higher rate is to encourage PAN registration. Submit PAN to the payer to get the lower applicable rate. TDS without PAN also restricts the payee from getting credit in Form 26AS.
How do I avoid TDS on FD interest?
Submit Form 15G (for non-senior citizens) or Form 15H (for senior citizens aged 60+) to your bank at the start of each financial year. This is a self-declaration that your total income is below the taxable limit. If your FD interest exceeds ₹40,000/year (₹50,000 for senior citizens), TDS will be deducted unless you submit these forms.
Can I claim a TDS refund?
Yes. If TDS deducted exceeds your actual tax liability (e.g., you're in a lower tax bracket or have no tax liability), you can claim a refund while filing your ITR. The refund is processed by the Income Tax Department within a few months of ITR verification. Always file ITR even if TDS is your only tax — to claim the refund.

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