Tohund Guide Logo
TDS Calculator & Rate Finder - Free Online Tax & GST Tool for Indian Businesses | Tohund Guide
๐Ÿ’ฐ
๐ŸŸข Quick WinยทTax & GSTยท Free ยท No Login

TDS Calculator & Rate Finder

Select payment type, enter amount, and get the applicable TDS section, rate, threshold, deduction amount, and deposit due date instantly.

Need Professional Help?

Our Chartered Accountants can handle all your compliance needs โ€” from filing to advisory.

Get Free Consultation โ†’
Disclaimer: These tools are for informational assistance only and do not replace professional advice.

TDS Calculator & Rate Finder โ€“ AY 2025-26

Tax Deducted at Source (TDS) is a system where the payer deducts tax at the time of payment and deposits it with the government. Our TDS calculator covers all major sections under the Income Tax Act and instantly calculates the applicable TDS amount. For a quick reference, see our complete TDS rate chart with sections.

๐Ÿ“‹

Key TDS Sections

Sec 194C: Contractor payments โ€” 1% (individual/HUF), 2% (others)
Sec 194J: Professional/technical fees โ€” 10% professional, 2% FTS
Sec 194I: Rent โ€” 2% plant/machinery, 10% land/building
Sec 194H: Commission โ€” 5% above โ‚น15,000
โš ๏ธ

Non-Deduction Consequences

Failure to deduct TDS attracts disallowance of expense under Section 40(a)(ia), interest under Section 201(1A) at 1-1.5% per month, and penalty under Section 271C equal to the TDS amount. Verify deductions on your Form 26AS.

โ“ Frequently Asked Questions

Yes, if the TDS rate is higher than your actual tax liability, you can apply for a lower deduction certificate under Section 197. The income tax officer issues a certificate specifying a reduced rate or nil deduction. Learn the complete process in our guide on how to apply for a lower TDS certificate.

The deductor faces interest at 1.5% per month from the date of deduction to the date of deposit under Section 201(1A). Additionally, the deductor may face prosecution under Section 276B with imprisonment up to 7 years.

TDS is not required if the payment is below the threshold limit for that section (e.g., โ‚น30,000 for rent under 194I, โ‚น30,000 for contractor payments under 194C). Also, no TDS if the payee furnishes Form 15G/15H (for individuals with no tax liability).

TDS must be deposited by the 7th of the following month. For March, the due date is April 30. For government deductors, TDS must be deposited on the same day of deduction.

You can file a revised TDS return with the correct details. Log in to TRACES, generate the correction file, and upload it. Common corrections include PAN errors, challan mismatches, and amount discrepancies. There is no limit on the number of correction returns.

Related Tools

Need Professional Help?

Our Chartered Accountants can handle all your compliance needs โ€” from filing to advisory.