TDS Tax Rate Calculator

Often times, it is difficult to know the TDS ('Tax Deducted @ Source') rate for a type of payment and the threshold from which the TDS to be deducted and payed to the IT Department.

EZTax TDS rate calculator makes it easier for a taxpayer or a tax consultant to know the rates and information around suing a simple filter.

Updated per latest Budget 2024 rules (After Jul 23rd 2024 Union Budget Session)

TDS Tax Rate Calculator

Type of Deductee	Corporate Non-Corporate (Individual +)
Residential Status Of Deductee	Resident Non-Resident
Type a Keyword to filter types of payments	{{secData.length}} sections found. Select from the below dropdownRefine the above filter
Section or Type Of Payment
Section: {{selSec.id}} ( {{selSec.description}} ) TDS Threshold Limit: {{ ((selSec.threshold==-1)?"Basic Exemption Limit":selSec.threshold).toLocaleString('en-IN', {useGrouping:true}) }}
Total Payment Amount	{{numToStr(amount)}} Enter an amount greater than 0
Enter the applicable TDS rate (%)	Typical TDS range from 0 to 50%

Rate Of TDS (%)

TDS Amount to IT Dept

{{ tdsAmount.toLocaleString('en-IN', {useGrouping:true}) }}

Payment to the Receiver
{{ (((amount - tdsAmount) >0)?(amount - tdsAmount):0).toLocaleString('en-IN', {useGrouping:true}) }}

* Given applicable TDS rate was used.

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Frequently asked Questions

1. What is TDS ?

TDS means Tax deducted at Source. Tax is required to be deducted at source. The TDS is applicable on various payments like Salaries, Rent, Interest, Dividend, freelancing payments etc

2. Are there any thresholds for not deducting TDS on any payments?

Yes, the Income Tax Department has prescribed the thresholds for different types of payments. Refer @ Latest TDS Rates by Section | Simplified Version for thresholds

3. What happens if the payer does not deduct TDS on any payments covered under TDS?

If the Payer does not deduct TDS on the prescribed payments, then the payer is required to pay interest on the TDS required to be deducted.

4. Do TDS rates differ for Residents and Non Residents?

Yes, The TDS rates differ based on the type of deductees. If the deductee (payee) is Non Resident, TDS rates are covered under section 195.