All About TDS Calculator
TDS stands for Tax Deducted at Source. In simple terms, it means tax is deducted at the time you earn income. For example, when you receive dividends, rent, fixed deposit interest, or freelance fees, the payer deducts a small portion as tax and deposits it with the government on your behalf. You receive the balance amount.
This system ensures early tax collection, reduces tax evasion, and spreads tax payments throughout the year. The TDS deducted can later be claimed as credit while filing your Income Tax Return (ITR).
Quicko’s online TDS calculator helps you calculate TDS on payments made to residents and non-residents. By entering a few basic details, you can instantly know the applicable TDS rate, TDS amount deducted, and the net amount payable. This makes TDS calculation simple, accurate, and hassle-free.
Why Is TDS Calculation Important?
Knowing your TDS amount helps you:
Avoid surprises in net receipts
Plan expenses and cash flows better
Ensure compliance with income tax laws
Verify whether the correct tax has been deducted
Accurate TDS calculation gives you clarity on your take-home income and reduces errors while filing returns.
What Is Quicko’s TDS Calculator?
Quicko’s TDS calculator is a simple online tool that helps you estimate how much tax will be deducted from your income before it is paid to you. Since TDS applies to various income types—such as dividends, rent, professional fees, and interest—the calculator makes the process transparent and easy to understand.
You only need to enter basic details, and the calculator instantly shows the TDS rate, tax amount, and net payable amount. It can be used anytime and as many times as needed, without registration.
What Is TDS (Tax Deducted at Source)?
Tax Deducted at Source (TDS) is a mechanism introduced by the Income Tax Act to collect tax at the source of income. When a specified payment exceeds the prescribed threshold, the payer deducts tax at the applicable TDS rate and deposits it with the government.
The TDS deducted reflects in the recipient’s Form 26AS and can be claimed as credit while filing the Income Tax Return (ITR).
Why Is TDS Calculation Important for Payments?
Calculating TDS in advance helps both payers and recipients:
Know the exact TDS amount deducted on a payment
Avoid surprises in net receipts
Plan cash flows and expenses efficiently
Ensure correct tax deduction and compliance
Reduce errors while filing ITR or TDS returns
Accurate TDS calculation ensures you stay compliant with income tax laws and avoid interest or penalties.
What Is Quicko’s Online TDS Calculator?
Quicko’s TDS calculator is a free online tool that helps you calculate the tax deducted at source on various types of payments. It works for both resident and non-resident recipients and covers multiple payment categories such as:
Dividend income
Rent payments
Bank interest and FD interest
Professional fees
Freelance and contractual payments
The calculator automatically applies the correct TDS rate, considers threshold limits, and shows the TDS amount and net payable amount instantly.
How Does the TDS Calculator Help You Calculate TDS Amount?
Using the TDS calculator allows you to:
Calculate TDS accurately without manual effort
View the applicable TDS rate for each payment
Know the net amount payable after deduction
Avoid calculation errors
Save time with instant online results
The tool follows the latest TDS provisions under the Income Tax Act to deliver reliable calculations.
TDS for Resident and Non-Resident Payments
TDS rates vary depending on whether the recipient is a resident or non-resident and the nature of the payment. Non-resident payments may attract different rates and additional surcharge or cess.
Quicko’s online TDS calculator automatically applies the correct TDS rate for resident and non-resident payments, helping you comply with tax rules and avoid incorrect deductions.
How to Use the TDS Calculator Online
Follow these simple steps to calculate TDS:
Select the Recipient – Resident or Non-Resident
Choose the Recipient Type – Individual / HUF / Sole Proprietor or Others
Select the Payment Type – Rent, dividend, interest, professional fees, freelance income, etc.
Enter the Payment Amount
Instantly view the TDS rate, TDS amount, and net amount payable
Note: If the recipient’s PAN is not available, enable the option “Recipient’s PAN not available”. In such cases, TDS is deducted at a higher rate as per income tax rules.
How Is TDS Calculated?
TDS calculation depends on the following factors:
Nature of payment
Recipient type
Residential status (resident or non-resident)
Applicable threshold limits
Availability of PAN
TDS Formula
TDS Amount = Amount Subject to TDS × Applicable TDS Rate (Threshold limits apply wherever prescribed.)
Example: TDS on Professional Fees
Suppose professional fees of ₹1,50,000 are paid to an individual consultant who is a resident and has provided PAN.
Details
Payment Amount: ₹1,50,000
Threshold Limit: ₹30,000
Applicable TDS Rate: 10%
Calculation
Amount subject to TDS: ₹1,50,000 − ₹30,000 = ₹1,20,000
TDS amount: ₹1,20,000 × 10% = ₹12,000
Net amount payable: ₹1,50,000 − ₹12,000 = ₹1,38,000
Result
TDS Deducted: ₹12,000
Net Amount Paid: ₹1,38,000
Questions? Answered.
Income tax:
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