TDS Calculator India

Calculate Tax Deducted at Source (TDS) under the Income Tax Act, 1961 for professional fees, contractor payments, rent, and brokerage.

TDS Payment Parameters

Select Nature of Payment (Income Tax Section)

Medical, legal, CA, architectural, engineering, consulting services

Gross Invoice / Payment Amount

₹

Deductee (Payee) Entity Type

Payee PAN Furnished?

TDS Computation

TDS to Deduct & DepositRate: 10%

₹5,000.00

Gross Invoice Amount:₹50,000.00

Less: TDS Deducted:- ₹5,000.00

Net Payment to Vendor:₹45,000.00

Statutory Threshold:₹30,000 per financial year

Challan Due Date:7th of Next Month

Need Quarterly TDS Returns (24Q/26Q)? Contact CA

Key TDS Compliance Provisions in India

Tax Deducted at Source (TDS) is governed by the Income Tax Act, 1961. Any person making specified payments (such as professional fees, contractor work, rent, or brokerage) is obligated to deduct tax at source and deposit it with the Central Government.

1. Section 206AA (Higher Rate)

If the payee fails to furnish a valid Permanent Account Number (PAN), TDS is mandatorily deducted at 20% or twice the statutory rate, whichever is higher.

2. Monthly Deposit Timeline

TDS deducted in any month must be deposited to the government treasury via Challan ITNS 281 on or before the 7th of the subsequent month (30th April for March deductions).

3. Quarterly Form 26Q / 24Q

Deductors must file quarterly returns on TRACES portal and issue Form 16A certificates to deductees within 15 days of filing.