TDS Calculator India — Tax Deducted at Source Rates & Thresholds
Authoritative TDS calculator for FY 2024-25 and FY 2025-26 with rates, statutory due dates, and return forms.
- Runs in your browser
- Free, no signup
Payment & Tax Deduction Details
Comprehensive TDS Rate Chart & Exemption Limits (India)
Key withholding provisions under the Indian Income Tax Act, 1961 as updated by the Finance Act (No. 2), 2024.
| Section | Nature of Payment | Annual Threshold | Standard Rate | Without PAN (Sec 206AA) |
|---|---|---|---|---|
| 194A | Interest other than on securities (Bank FD/RD) | ₹40,000 (₹50,000 for Seniors) | 10% | 20% |
| 194C | Payments to Contractors / Sub-contractors | ₹30,000 (single) / ₹1,00,000 (aggregate) | 1% (Ind/HUF) / 2% (Others) | 20% |
| 194H | Commission or Brokerage | ₹15,000 | 2% (reduced from 5% by FA 2024) | 20% |
| 194I (a) | Rent of Plant, Machinery or Equipment | ₹2,40,000 | 2% | 20% |
| 194I (b) | Rent of Land, Building or Furniture | ₹2,40,000 | 10% | 20% |
| 194IB | Rent paid by Individuals/HUF (Not under Tax Audit) | ₹50,000 per month | 2% (reduced from 5% by FA 2024) | 20% |
| 194J (1) | Professional Fees, CA, Legal, Director Fees | ₹30,000 | 10% | 20% |
| 194J (FTS) | Fees for Technical Services (FTS) & Royalty | ₹30,000 | 2% | 20% |
| 194Q | Purchase of Goods by business with turnover > ₹10 Cr | ₹50,00,000 | 0.1% (on excess) | 5% |
| 194DA | Maturity proceeds of taxable Life Insurance | ₹1,00,000 | 5% (on net income portion) | 20% |
All TDS computations run inside your browser. No financial figures, invoice values, or PAN data are transmitted to any server.
Tax Deducted at Source (TDS) is a mechanism under the Indian Income Tax Act, 1961 where tax is collected at the point of origin of income. Payers deducting tax must comply with section-specific thresholds, different rates for individuals vs companies, quarterly return filing, and higher deduction rates when a PAN is missing.
This authoritative calculator incorporates recent amendments introduced by the Finance Act (No. 2), 2024 (including reduced rates for Sections 194H and 194IB). It computes the exact deduction, net payable amount, statutory deposit deadline, applicable return form (Form 26Q / 26QC), and Section 206AA non-PAN penalty rates.
How to use this tool
- Select the Nature of Payment / TDS Section from the dropdown (e.g. 194J Professional, 194C Contractor, 194I Rent, 194H Commission).
- Select the payee's legal status (Individual/HUF vs Company/Firm).
- Enter the invoice/bill amount and the cumulative payment in this financial year to check statutory exemption limits.
- Choose whether a valid PAN is furnished. If unchecked, the calculator automatically applies the 20% higher rate under Section 206AA.
- Review the TDS amount to deduct, net payable to payee, statutory due dates, and quarterly return forms.
Key TDS Rate Reductions in Finance Act 2024
Section 194H (Commission or Brokerage): The TDS rate was reduced from 5% to 2% effective October 1, 2024.
Section 194-IB (Rent paid by Individual/HUF not under tax audit): The TDS rate was reduced from 5% to 2% effective October 1, 2024.
Section 194-O (E-commerce operators): The TDS rate was reduced from 1% to 0.1% effective October 1, 2024.
Consequences of Not Providing PAN (Section 206AA)
Under Section 206AA of the Income Tax Act, if the deductee fails to furnish a valid Permanent Account Number (PAN) or has an inoperative PAN unlinked with Aadhaar, tax must be deducted at higher of: (1) rate specified in the Act, (2) rate in force, or (3) 20% (or 5% for Section 194Q).
Furthermore, the payee cannot claim TDS credit in their Form 26AS / AIS without a valid linked PAN.
TDS Deposit Deadlines & Return Filing Schedule
Government Deposit Due Date: TDS deducted during any month must be deposited to the government treasury (via Challan ITNS 281) on or before the 7th of the following month (except for March deductions, which are due by April 30th).
Quarterly Returns: Form 26Q (non-salary payments) must be filed by July 31 (Q1), October 31 (Q2), January 31 (Q3), and May 31 (Q4).
Frequently asked questions
What is the TDS threshold for contractor payments under Section 194C?
TDS is applicable under Section 194C if a single payment exceeds ₹30,000 or if the aggregate payments during the financial year exceed ₹1,00,000. The rate is 1% for individuals/HUFs and 2% for companies/firms.
Does an individual paying house rent need to deduct TDS?
Yes, if the rent exceeds ₹50,000 per month. Under Section 194-IB, individuals not subject to tax audit must deduct TDS at 2% (reduced from 5% from Oct 1, 2024) once a year and submit Challan-cum-return Form 26QC.
Is TAN required for Section 194-IB rent TDS?
No. Individuals deducting tax under Section 194-IB are not required to obtain a TAN; the deduction is deposited using their PAN in Form 26QC.
What is the TDS rate on Fixed Deposit (FD) interest?
Under Section 194A, banks deduct 10% TDS if interest income exceeds ₹40,000 per financial year (₹50,000 for Senior Citizens aged 60+). If PAN is not provided, the rate is 20%.