TDS Calculator

TDS on salary, FD interest, rent, professional fees

₹1,00,000
₹

Salary: annual gross. FD: annual interest. Rent: per month. Professional: total fee.

TDS threshold ₹50K vs ₹40K for seniors on FD

TDS Deducted
₹10,000
+₹90,000 amount after TDS
Amount Considered₹1,00,000
Threshold₹40,000
TDS₹10,000
After TDS₹90,000
What this means for you
TDS is a withholding tax — it pre-pays part of your final tax. If your actual tax is less than TDS, claim the refund via ITR (Sec 244A pays 6% interest on refunds). Salaried with income below the exemption limit can submit Form 15G/15H to the bank to avoid TDS on FD interest. PAN missing ⇒ TDS @ 20%.
What to do next
Income Tax detailAdvance Tax instalments
Reduces only the deductor's upfront cut — final liability is computed at ITR. Higher TDS @ 20% if PAN not furnished.
TDS thresholds and rates for FY 2026-27
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Formula & SourceTDS Calculator
Salary 192: TDS computed per income-tax slab
FD interest 194A: 10% if interest > ₹40,000 (₹50,000 for seniors)
Rent 194-IB: 5% on annual rent if monthly rent > ₹50,000
Professional 194J: 10% if fee > ₹30,000

No PAN ⇒ deduction @ 20% (Sec 206AA).
Source: TDS provisions; Income Tax Act 1961

Frequently Asked Questions

Submit Form 15G (under 60) or 15H (senior citizen) to your bank at the start of each financial year, if your total income is below the basic exemption limit.
File your ITR — the excess is refunded with 6% interest (Section 244A). Refunds typically credited within 2-4 weeks of e-verification.
Section 194-IB requires the tenant (individual, non-business) to deduct 5% TDS if monthly rent exceeds ₹50,000. Pay via Form 26QC once a year.
All formulas are verified against the original government notification or Act (cited in the source line below the result). Numbers update in under a second on any input change, with no rounding-of-thousands like some competitors. For tax, slabs are sourced from the current Finance Act; for small savings, rates come from the quarterly government notification.
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