TDS Calculator
Calculate TDS (Tax Deducted at Source) for various payment types under different Income Tax sections.
Input Details
Payment to Contractors/Sub-contractors
Result
TDS Details:
- • Section: 194C
- • Description: Payment to Contractors/Sub-contractors
- • TDS Rate: 0.00%
- • Threshold: ₹30,000
- • TDS Amount: ₹0
- • Net Payable: ₹0
What is TDS Calculator?
A TDS (Tax Deducted at Source) Calculator is a tool that helps you calculate the exact amount of tax that needs to be deducted at the source before making payments. TDS is a mechanism where the person making payment deducts tax at the source and deposits it with the government, ensuring regular collection of taxes and reducing tax evasion.
Our TDS Calculator supports multiple Income Tax sections including salary (Section 192), contractor payments (Section 194C), professional fees (Section 194J), rent (Section 194I), property purchase (Section 194IA), commission (Section 194H), and interest (Section 194A). It automatically calculates the TDS amount and shows you the net payable amount after deduction.
Common TDS Sections
- Section 192: TDS on Salary - Deducted by employer based on income tax slab applicable to the employee
- Section 194C: TDS on payments to contractors/sub-contractors (1% for individuals/HUF, 2% for others) when payment exceeds ₹30,000
- Section 194J: TDS on professional fees, technical services, royalty at 10% when payment exceeds ₹30,000
- Section 194I: TDS on rent at 10% for land/building or 2% for machinery/equipment when annual rent exceeds ₹2,40,000
- Section 194IA: TDS on purchase of immovable property at 1% when property value exceeds ₹50 lakh
- Section 194H: TDS on commission or brokerage at 5% when payment exceeds ₹15,000
- Section 194A: TDS on interest (other than securities) at 10% when interest exceeds ₹40,000
Advantages of Using Braihn's TDS Calculator
- ✓Multiple TDS Sections
Calculate TDS for salary, contractors, professional fees, rent, property purchase, commission, and interest - all in one place.
- ✓Automatic Threshold Checking
Automatically checks if payment exceeds the threshold limit for TDS applicability, saving you time and ensuring compliance.
- ✓Accurate Net Amount Calculation
Instantly see the net payable amount after TDS deduction, helping you plan your cash flow and payments accurately.
- ✓Salary TDS Based on Tax Slabs
For salary TDS, our calculator uses the correct income tax slabs to calculate the exact TDS amount based on annual income.
- ✓Free & Instant Calculations
No registration required. Get instant TDS calculations for all your payment scenarios without any cost.
Frequently Asked Questions
What is TDS and when is it applicable?
TDS (Tax Deducted at Source) is tax deducted by the payer before making payment to the payee. It's applicable when the payment exceeds the threshold limit specified for that particular section under the Income Tax Act.
What is the difference between TDS rates for individuals and others under Section 194C?
Under Section 194C, TDS rate is 1% for payments made to individuals or HUF (Hindu Undivided Family), while it's 2% for payments made to other entities like companies, firms, etc.
Do I need to deduct TDS if payment is below the threshold?
No, TDS is applicable only when the payment exceeds the specified threshold for that section. For example, TDS under Section 194C applies only when payment to a contractor exceeds ₹30,000.
What is the due date for depositing TDS?
TDS deducted during a month must be deposited by the 7th of the following month. However, TDS deducted in March can be deposited by April 30th. Late payment attracts interest and penalties.
What documents are issued after TDS deduction?
The deductor must issue Form 16 (for salary TDS) or Form 16A (for other TDS) to the deductee, showing the TDS amount deducted and deposited. These forms are essential for filing income tax returns.
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