TDS Calculator
How to Use
- Enter the total income amount
- Select the type of income (Salary, Interest, Rental, or Freelance)
- Click Calculate to see TDS deduction
- View the net amount after TDS
TDS Calculation Formula
TDS = Income × (Rate / 100)
Example: For ₹50,000 salary with 10% TDS: TDS = 50,000 × 10% = ₹5,000
Frequently Asked Questions
What is TDS (Tax Deducted at Source)?
TDS is a form of advance income tax. It is deducted by employers, banks, or other entities from payments and deposited directly to the government.
What are the different TDS rates?
TDS rates vary based on income type. Salaries typically have 10%, interest income 10%, rental income 30%, and freelance work 10%.
Can I claim a refund if excess TDS is deducted?
Yes, if excess TDS is deducted compared to your actual tax liability, you can claim a refund by filing an income tax return.
Is TDS applicable to all income?
No, TDS is applicable only to certain types of income above specified thresholds as defined by the tax authorities.