India TDS Calculator 2021
Calculate Tax Deducted at Source (FY 2020-21)
Introduction
🎯 What
India TDS Calculator 2021 helps users calculate Tax Deducted at Source on various types of income as per applicable TDS rates.
👥 Who
Employers, Businesses, Professionals, Freelancers, Contractors, and Individuals receiving TDS-applicable income.
💡 Why
To quickly calculate TDS amount and net payable income without manual tax calculations.
📝 Payment Details
🧾 TDS Summary
TDS Rates (FY 2020-21)
| Section | Nature of Payment | Rate |
|---|---|---|
| 192 | Salary | Slab Rate |
| 194A | Interest (Bank/Other) | 10% |
| 194C | Contractors (Ind / Other) | 1% / 2% |
| 194J | Professional Fees | 10% |
| 194H | Commission / Brokerage | 5% |
| 194I | Rent (Land / Plant) | 10% / 2% |
Calculation Examples
Example 1: Professional Fees (194J)
Payment Amount: ₹50,000
TDS Rate: 10%
TDS Deducted: ₹50,000 × 10% = ₹5,000
Net Payable: ₹45,000
Example 2: No PAN Provided (Override)
Payment Amount: ₹30,000
Standard Rate: 10% (194J)
Applicable Rate (No PAN): 20%
TDS Deducted: ₹30,000 × 20% = ₹6,000
Net Payable: ₹24,000
Frequently Asked Questions
Q: Is TDS the same for all types of payments?
A: No, TDS rates vary depending on the nature of payment (e.g., Salary, Rent, Interest) and the status of the payee.
Q: What happens if PAN is not provided?
A: If the deductee (payee) does not furnish their PAN, TDS is deducted at a higher rate of 20% (or applicable rate, whichever is higher).
Q: Is TDS the final tax liability?
A: No, TDS is just tax collected in advance. The actual tax liability is determined after filing the Income Tax Return (ITR), where you can claim a refund if excess TDS was deducted.
Disclaimer: This India TDS Calculator 2021 is for informational purposes only. Actual TDS liability depends on specific provisions of the Income Tax Act, 1961 and Finance Act, 2020. Threshold limits for deduction are not automatically enforced in this calculator. Please verify applicable rates and thresholds with official tax notifications or consult a Chartered Accountant (CA) before deducting tax. Etaxing is not responsible for errors or compliance issues arising from the use of this tool.