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TDS Calculator (FY 2024-25)
Calculate Tax Deducted at Source with latest rates and thresholds
Updated October 2024: Latest TDS rates, thresholds, and new sections
TDS Applicable
TDS: ₹10,000 at 10% rate
TDS Calculation
Payment Breakdown
Important Notes
- •Threshold: ₹50k for banks, ₹10k for others, ₹1L for senior citizens
Popular TDS Sections Rate Comparison
TDS rates for payees with PAN
✅ Recent Updates (Oct 2024)
- •194H rate reduced from 5% to 2%
- •194-IB rate reduced from 5% to 2%
- •194A, 194K thresholds increased to ₹10k
- •194D, 194G thresholds increased to ₹20k
📋 TDS Compliance
- •File TDS returns quarterly
- •Issue TDS certificates to payees
- •Deposit TDS within prescribed time limits
- •Higher rates apply without valid PAN
⚠️ Important Notes
- •This calculator provides estimates only
- •Actual rates may vary based on specific circumstances
- •Consult tax professional for complex cases
- •Late TDS deposit attracts interest and penalties
How TDS Deduction Is Determined
TDS (Tax Deducted at Source) requires the payer — an employer, bank, tenant or business — to deduct tax before making certain payments and deposit it with the government on the payee's behalf. This calculator covers the major TDS sections (192 through 194S) with their FY 2024-25 thresholds and rates, updated for the October 2024 rate changes.
How the Rate Is Selected
TDS Amount = Payment Amount × Applicable Rate ÷ 100, only if the payment exceeds the section's threshold. Example thresholds and rates: Section 194A (interest, other than securities) — 10% above ₹50,000 (banks); Section 194C (contractors) — 1% for individuals/HUF or 2% for others, above ₹30,000; Section 194-I (rent) — 10% for land/building or 2% for plant & machinery, above ₹50,000/month; Section 194J (professional/technical services) — 10% for professional fees or 2% for technical/royalty, above ₹30,000.
TDS rates, thresholds and applicable sections are revised periodically by the Finance Act and CBDT notifications — several rates listed here changed as recently as October 2024. Always verify the current rate for your transaction on the Income Tax Department's TDS rate chart or with a tax professional before deducting or depositing TDS.
TDS Calculator FAQs
What happens if the payee doesn't provide a PAN?
If the payee's PAN is not available, TDS is deducted at a higher rate — typically 20% — instead of the normal section-specific rate, regardless of which TDS section applies to the payment.
What is the TDS rate on rent payments?
Under Section 194-I, TDS on rent is 10% for land and building (or furniture/fittings) and 2% for plant and machinery, applicable once monthly rent exceeds ₹50,000. Individuals and HUFs not subject to tax audit instead use Section 194-IB at 2%.
What is the TDS rate on professional or technical service fees?
Under Section 194J, professional service fees attract 10% TDS, while technical services, royalty payments and call centre payments attract 2% TDS, both applicable once the payment in a year exceeds ₹30,000.
Did any TDS rates change recently?
Yes, effective 1st October 2024, several rates were reduced — commission/brokerage (194H) and rent by individuals (194-IB) dropped from 5% to 2% — and thresholds were raised for sections like 193, 194, 194D, 194G and 194K.
Is TDS the final tax on my income, or can I claim credit for it?
TDS is not the final tax — it is an advance collection mechanism. You must report the full income in your tax return and can claim the TDS deducted as credit against your total tax liability, receiving a refund if TDS exceeds what you actually owe.
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