Calculate applicable TDS on payments to ensure accurate tax deduction and compliance.
Powered by
All about TDS Calculator
TDS stands for Tax Deducted at Source. Think of it like this: when someone pays you dividend, rent, interest from FD, or freelance fees, they cut a small tax amount first and send it directly to the government. You get the rest.
Quicko's free online TDS calculator works for both residents and non-residents. Enter details—no login, instant results showing exact TDS cut and money you'll receive. Perfect for investor, landlords, or businesses paying freelancers.
What is purpose of TDS (Tax Deducted at Source)?
Tax Deducted at Source (TDS) is introduced under the Income Tax Act to ensure early collection of tax. This eanble Income tax department to collect tax throughtout year and get information about income of the person, to reduce tax evesion.
Why is TDS calculation important?
Calculating TDS in advance using a TDS calculator helps both payers and recipients:
Know the exact TDS amount deducted on a payment
Avoid surprises in net receipts
Plan cash flows and expenses better
Ensure correct tax deduction and compliance
Reduce errors while filing ITR or TDS returns
Accurate TDS calculation ensures compliance with income tax laws and helps avoid interest or penalties.
What Is Quicko’s online TDS calculator?
Quicko’s online TDS calculator is a simple tool that helps you calculate how much tax deducted at source applies to a payment before it is made. This TDS calculator works for both resident and non-resident recipients and supports multiple payment types such as:
Dividend income
Rent payments
Bank interest and FD interest
Professional fees
Freelance and contractual payments
The TDS calculator automatically applies the correct TDS rate, considers threshold limits, and instantly displays the TDS amount and net amount payable.
TDS calculator for Resident and Non-resident payments
TDS rates differ based on whether the recipient is a resident or non-resident and the nature of the payment. Payments made to non-residents may attract different rates along with surcharge or cess.
Quicko’s TDS calculator for resident and non-resident payments automatically applies the correct TDS rate, helping you avoid incorrect deduction and remain compliant with tax rules.
How to Use the TDS Calculator Online
Follow these simple steps to calculate TDS using the online TDS calculator:
Select the Residencial Stuatus of 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 prescribed under the Income Tax Act.
How Is TDS Calculated?
TDS calculation depends on several factors:
Nature of payment
Recipient type
Residential status (resident or non-resident)
Applicable threshold limits
Availability of PAN
TDS Formula
TDS Amount = Payment Amount × Applicable TDS Rate
Example
Suppose professional fees of ₹2,00,000 are paid to an individual consultant who is a resident and has provided PAN.
Details
Payment Amount: ₹2,00,000
Threshold Limit: ₹30,000
Applicable TDS Rate: 10%
Calculation
TDS amount deducted: ₹2,00,000× 10% = ₹20,000
Net amount payable: ₹2,00,000− ₹20,000= ₹1,80,000
Result
TDS Deducted: ₹20,000
Net Amount Paid: ₹1,80,000
Questions? Answered.
Income tax:
|
|
|
|
|
|
|
|
|
|
|
GST:
|
|
|
|