India TDS Calculator 2022
Calculate Tax Deducted at Source (FY 2021-22 | AY 2022-23)
Introduction
🎯 What
India TDS Calculator 2022 calculates Tax Deducted at Source on various payments as per Income Tax Act, 1961.
👥 Who
Employers, businesses, companies, freelancers, contractors, landlords, and professionals.
💡 Why
TDS ensures advance tax collection and reduces year-end tax burden. It's mandatory for compliance.
🧾 TDS Calculation Details
💵 TDS Summary
Enter details and calculate
TDS Sections & Rates (FY 2021-22)
Section 192 - Salary
Tax deducted on salary income
Section 194A - Interest
Bank interest, fixed deposits, bonds
Section 194C - Contractor
Payments to contractors & sub-contractors
Section 194J - Professional Fees
Technical, professional, consultancy services
Section 194I - Rent
Rent for land, building, or machinery
Section 194H - Commission
Commission, brokerage payments
Section 194IA - Property Purchase
Purchase of immovable property
PAN Not Available
Higher TDS if PAN not provided
Allowances & Deductions
No TDS Deduction Required If:
- Payment amount is below the threshold limit for the section
- Valid Form 15G/15H submitted (for eligible individuals)
- Payment falls under exempt income category
- Lower deduction certificate obtained from Income Tax Department
Threshold Limits (FY 2021-22):
- Interest (194A): ₹40,000 for banks (₹50,000 for senior citizens), ₹5,000 for others
- Contractor (194C): ₹30,000 (single payment) or ₹1,00,000 (annual)
- Professional Fees (194J): ₹30,000 per year
- Rent (194I): ₹2,40,000 per year
- Commission (194H): ₹15,000 per year
- Property (194IA): ₹50,00,000
Surcharge & Cess:
- Surcharge and cess are generally not applicable on TDS deductions for most sections
- Calculated during final income tax return assessment
TDS Calculation Examples
Example 1: Professional Fees (Section 194J)
Payment Amount: ₹50,000
TDS Section: 194J
TDS Rate: 10%
PAN: Available
Calculation:
• TDS Amount: ₹50,000 × 10% = ₹5,000
• Net Payment: ₹50,000 - ₹5,000 = ₹45,000
TDS Deducted: ₹5,000
Example 2: Contractor Payment without PAN (Section 194C)
Payment Amount: ₹30,000
TDS Section: 194C
Normal Rate: 1% (for individual)
PAN: Not Available
Calculation:
• Since PAN not available, TDS rate = 20%
• TDS Amount: ₹30,000 × 20% = ₹6,000
• Net Payment: ₹30,000 - ₹6,000 = ₹24,000
TDS Deducted: ₹6,000 (Higher due to no PAN)
Example 3: Property Purchase (Section 194IA)
Property Value: ₹50,00,000
TDS Section: 194IA
TDS Rate: 1%
Calculation:
• TDS Amount: ₹50,00,000 × 1% = ₹50,000
• Amount payable to seller: ₹50,00,000 - ₹50,000 = ₹49,50,000
TDS Deducted: ₹50,000
Frequently Asked Questions
Q: What is TDS?
A: TDS (Tax Deducted at Source) is a system where tax is collected at the source of income itself. The payer deducts tax before making payment and deposits it with the government.
Q: Is PAN mandatory for TDS?
A: Yes, providing PAN is mandatory. If PAN is not provided, TDS is deducted at a higher rate of 20% instead of the normal applicable rate.
Q: Can TDS be refunded?
A: Yes, if the TDS deducted exceeds your actual tax liability, you can claim a refund when filing your income tax return. The excess amount will be refunded after processing.
Q: Is TDS the final tax?
A: No, TDS is not the final tax. It's an advance tax payment. The actual tax liability is calculated when filing your annual income tax return, and TDS is adjusted against it.
Q: What happens if TDS is not deducted?
A: If TDS is not deducted when required, the deductor may face penalties and interest charges. The payee is still liable to pay tax on the income received.
Disclaimer: This India TDS Calculator 2022 is for informational and educational purposes only. Actual TDS liability may vary based on the latest Income Tax notifications, amendments, exemptions, threshold limits, and specific conditions applicable to each section. Tax laws and rates are subject to change. Different sections may have different applicability criteria and exclusions. Always refer to the official Income Tax Department guidelines, latest circulars, or consult a qualified Chartered Accountant (CA) or tax professional for accurate TDS compliance. Etaxing does not provide tax filing services and is not responsible for any compliance errors, penalties, or legal consequences arising from the use of this calculator.