PocketTDS Calculator
Determine the Tax Deducted at Source (TDS) amount and net payment for different transactional slabs in India.
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Net Amount Payable
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TDS Amount Deducted
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Applicable TDS Rate
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TDS Computation
TDS is calculated on the gross payment amount before taxes:
- TDS Deducted: Gross Amount × TDS Rate %
- Net Amount Payable: Gross Amount - TDS Deducted
Worked Example
If you pay a contractor (who is a company) a gross amount of ₹1,00,000:
- Gross Amount: ₹1,00,000
- TDS Category: Contractor Company (2%)
- TDS Deducted: ₹2,000
- Net Paid to Contractor: ₹98,000
Frequently Asked Questions
What is TDS?
TDS stands for Tax Deducted at Source. It is a system introduced by the Income Tax Department where the person responsible for making specified payments must deduct tax before releasing the payment and deposit it with the government.
Is TDS a final tax liability?
No, TDS is not your final tax. It is an advance tax credit. You can claim credit for TDS deducted against your final tax liability when filing your Income Tax Return (ITR).
How can I verify if my TDS has been deposited?
You can verify TDS deposits by downloading your Form 26AS from the TRACES portal or checking your Annual Information Statement (AIS) on the income tax e-filing portal.
What happens if I don't provide my PAN?
If the payee does not furnish their PAN to the deductor, TDS is deducted at a much higher rate, typically 20% u/s 206AA.
Can I get a refund of TDS?
Yes, if the TDS deducted exceeds your actual tax liability for the financial year, you can claim a refund of the excess tax by filing your ITR.