Tax Deducted at Source (TDS) is a method used by the government to collect tax at the very source of income. Whether you are an individual, a business, or a professional, understanding TDS and how it applies to your payments is important to avoid surprises during tax filing.
Our TDS Calculator helps you quickly find out how much TDS will be deducted from your payment based on the applicable tax laws. It saves time and helps you plan your finances better.
TDS Amount: ₹0.00
Net Amount After TDS: ₹0.00
TDS stands for Tax Deducted at Source. It is a way for the government to collect taxes from your income in advance.
When someone pays you (like salary, interest, rent, or professional fees), they may be required to deduct a small portion as tax and deposit it directly to the government. This deducted amount is called TDS.
You can later adjust or claim this TDS amount while filing your income tax return.
The basic formula to calculate TDS is:
TDS = Payment Amount × TDS Rate (%)
Let’s say:
If the consultant fails to provide a PAN, TDS will be deducted at a higher rate of 20%.
TDS = ₹1,00,000 × 20% = ₹20,000
Using the TDS Calculator is simple:
TDS plays an important role in income tax compliance by ensuring that taxes are collected at the source in advance. With a reliable TDS Calculator, individuals and businesses can quickly estimate their tax liability and avoid penalties. Whether you’re salaried or a business owner, calculating TDS correctly helps in better financial planning. Try our free TDS Calculator to stay compliant and worry-free.
TDS = Payment Amount × Applicable TDS Rate
You can also use an online TDS Calculator for quick results.
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