Calculate TDS on salary, rent, FD interest, professional fees & contractor payments. Know exact rates, thresholds & monthly deductions.
| Section | Payment Type | Rate | Threshold |
|---|---|---|---|
| 192 | Salary | Slab rate | Basic exemption |
| 194A | FD Interest | 10% | ₹40K / ₹50K (senior) |
| 194C | Contractor (Ind/HUF) | 1% | ₹30K / ₹1L (aggregate) |
| 194C | Contractor (Company) | 2% | ₹30K / ₹1L (aggregate) |
| 194I | Rent (Land/Building) | 10% | ₹2.4L/year |
| 194IB | Rent by Ind/HUF | 5% | ₹50K/month |
| 194J | Professional Fees | 10% | ₹30K/year |
| 194J | Technical Services | 2% | ₹30K/year |
| 194H | Commission/Brokerage | 5% | ₹15K/year |
Check if excess TDS means you have a refund coming
Old vs New regime — see exact tax liability
TDS (Tax Deducted at Source) is collected at the point of payment — before the income reaches you. Under the Income Tax Act, payers (employers, banks, companies) are required to deduct TDS and deposit it with the government on behalf of the payee. The payee can claim TDS credit when filing their ITR.
TDS rates and thresholds vary significantly by income type. Salary TDS is based on your applicable slab rate and estimated annual income. FD interest TDS is a flat 10% above the threshold. Professional fees attract 10% or 2% depending on the service type. This calculator covers all major categories so you know exactly what TDS applies to each income stream.
Step 1: Employer estimates your total income for the year (salary + other income if declared). Step 2: Applicable deductions are subtracted (standard deduction ₹75K in new regime, or 80C/80D/HRA in old regime). Step 3: Tax on taxable income is computed using applicable slabs. Step 4: Total annual tax ÷ 12 = monthly TDS to deduct.
TDS is tax deducted by the payer before making a payment. The deducted amount is deposited with the IT Department on your behalf. You can claim it as credit in your ITR. Rates vary by payment type — 10% on FD interest, 10% on professional fees, 1–2% on contractor payments, slab rate on salary.
There is no fixed rate — salary TDS is calculated based on your estimated annual income, regime choice, and declared deductions under Section 192. Under new regime, income up to ₹7L (after ₹75K standard deduction) is tax-free. Above that, slab rates of 10%, 15%, 20%, 30% apply. Divide annual tax by 12 for monthly TDS.
Under Section 194I (companies deducting), TDS applies when annual rent exceeds ₹2,40,000 at 10% (land/building). Under Section 194IB (individual paying monthly rent > ₹50,000), TDS is 5% to be deducted once a year. Non-compliance attracts interest and penalties for the payer.
Submit Form 15G (below 60 years, total income below taxable limit) or Form 15H (senior citizen, nil tax) to your bank at the start of every financial year. This prevents TDS deduction on FD interest. You must still declare the interest income and pay applicable tax when filing ITR.
Section 194C applies to contracts for work, services, catering, advertising, broadcasting, and transportation. TDS is 1% for individual/HUF contractors and 2% for companies/firms. The threshold is ₹30,000 per contract or ₹1,00,000 in aggregate during the financial year. Payments below this threshold attract no TDS.
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