Income Tax & Salary
Quick answer: The FinTax24 TDS Calculator estimates Tax Deducted at Source (TDS) liability for salary, interest, rent, contractor payments, professional fees and other payments covered under Sections 192, 193, 194, 194C, 194J and more. It applies the latest TDS rates and the ₹2,500 / ₹5,000 / ₹10,000 threshold limits under the Income Tax Act, 1961.
Calculate TDS for various sections.
Follow these 4 steps for an accurate result.
Choose Salary, Interest, Rent, Contractor, Professional or other Section under TDS.
Type the gross payment value being made in a single transaction or for the period.
The calculator highlights whether the payment crosses the section-specific threshold limit.
TDS amount, surcharge (if any), and net amount payable to the deductee are shown instantly.
Quick answers to common questions about tds calculator.
TDS on salary is deducted under Section 192 at the slab rate applicable to the employee's estimated total income for the year. Employers must consider declarations, deductions and 87A rebate before deciding the monthly TDS amount, deposit it by the 7th of the next month, and issue Form 16 by 15 June.
Banks deduct TDS under Section 194A at 10% on interest exceeding ₹40,000 (₹50,000 for senior citizens) in a financial year. For recurring deposits exceeding ₹5,000 interest, the threshold drops to ₹5,000. Submit Form 15G/15H if your total income is below the basic exemption to avoid deduction.
Section 194-I mandates 10% TDS on rent paid to a resident, with the threshold being ₹2,40,000 per year (combined for all landlords per PAN). Use this calculator to verify the monthly TDS and deposit it using Form 26Q by the 7th of the next month.
Yes. Under Section 206AA, if the deductee does not furnish a PAN, TDS rate is 20% (or the rate in force, whichever is higher). This makes PAN disclosure mandatory for almost every payment covered by TDS provisions.
Section 194J TDS is 10% on fees for professional services (CA, lawyer, doctor, etc.) and 2% on technical services / royalty. The threshold is ₹30,000 per payment or ₹1,00,000 aggregate, depending on the payment nature. Use this calculator to verify the deducted amount.
Section 194C TDS rate is 1% for an individual/HUF contractor and 2% for others, with thresholds of ₹30,000 (single transaction) and ₹1,00,000 (aggregate). The calculator applies the rate you select, so choose the right payee type for the correct output.
Key sources: Income Tax Department (TDS section wise), TRACES portal, Finance Act 2025 — TDS schedule.
Reviewed by FinTax24 Content Team · Review date
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