TDS/Withholding Tax Calculator 2024-25
Calculate TDS for India with all sections (194C, 194J, 194H, 194I, 194A). Withholding tax for USA, UK, Canada, UAE, Singapore. Salary, interest, contractor, property TDS.
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TDS/Withholding Tax Calculation
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India TDS Guide 2024-25
India TDS Sections & Rates
| Section | Nature of Payment | Threshold Limit | TDS Rate (With PAN) | TDS Rate (Without PAN) | Due Date |
|---|---|---|---|---|---|
| 192 | Salary | Basic exemption limit | Income tax slab rates | Higher of slab rates or 20% | Monthly |
| 194A | Interest other than securities | ₹40,000 (₹50,000 for seniors) | 10% | 20% | Monthly |
| 194C | Contractor/sub-contractor payments | ₹30,000 per contract (₹1,00,000 yearly) |
1% (Individual/HUF) 2% (Others) |
20% | Monthly |
| 194H | Commission/brokerage | ₹15,000 | 5% | 20% | Monthly |
| 194I | Rent | ₹2,40,000 p.a. |
2% (Land & building) 10% (Machinery/equipment) |
20% | Monthly |
| 194J | Professional/technical fees | ₹30,000 |
2% (Professional services) 10% (Director fees, royalty, etc.) |
20% | Monthly |
| 194 | Dividends | ₹5,000 | 10% | 20% | When paid |
TDS Threshold Limits
- No TDS if payment below threshold
- Threshold varies by section
- Annual limits for some sections
- Different for senior citizens
PAN Requirement
TDS Return Filing
- Form 24Q (Salaries)
- Form 26Q (Non-salary)
- Form 27Q (NRIs)
- Quarterly filing required
Global Withholding Tax Rates Comparison 2024
| Country | Tax Name | Dividends | Interest | Royalties | Technical Fees | Salary |
|---|---|---|---|---|---|---|
| 🇮🇳 India | TDS | 10% | 10-20% | 10% | 2-10% | Slab rates |
| 🇺🇸 United States | Withholding Tax | 30% (NR: 15-30%) | 30% (NR: 0-30%) | 30% | 30% | Federal + State |
| 🇬🇧 United Kingdom | PAYE/Withholding | 0% (Resident) | 20% | 20% | 20% | PAYE system |
| 🇨🇦 Canada | Withholding Tax | 25% (NR: 15-25%) | 25% (NR: 10-25%) | 25% | 15% | CPP + EI + Tax |
| 🇦🇪 United Arab Emirates | No TDS | 0% | 0% | 0% | 0% | 0% |
| 🇸🇬 Singapore | Withholding Tax | 0% (Resident) | 15% | 10% | 17% | CPF system |
| 🇦🇺 Australia | PAYG Withholding | 30% (NR: 30%) | 10% | 30% | 30% | PAYG system |
| 🇩🇪 Germany | Withholding Tax | 26.375% | 26.375% | 15% | 15% | Income tax + solidarity |
TDS Calculation Examples & Scenarios
Salary TDS (Section 192)
Contractor TDS (Section 194C)
Interest TDS (Section 194A)
Frequently Asked Questions (FAQ)
What is TDS and when is it deducted?
TDS (Tax Deducted at Source) is a mechanism where the payer deducts tax before making certain payments like salary, interest, commission, rent, etc. TDS is deducted when:
1. Payment exceeds specified threshold limits
2. Made to residents/NRIs as per Income Tax Act
3. For specified payments under various sections (192, 194A, 194C, etc.)
The deducted tax is deposited with the government by the deductor.
What happens if PAN is not provided for TDS deduction?
If PAN is not provided, TDS is deducted at higher of the following rates:
1. Twice the normal rate specified in the relevant section, OR
2. 20% (whichever is higher)
Example: For Section 194C (contractor payments), normal rate is 1% for individuals. Without PAN, TDS rate becomes higher of 2% (twice of 1%) or 20% = 20%. Always provide PAN to avoid higher TDS deduction.
How can I avoid TDS deduction?
You can avoid TDS deduction by:
1. Submitting Form 15G/15H: For interest income if total income below taxable limit
2. Lower Deduction Certificate: From Income Tax Department if actual tax rate is lower
3. Stay below threshold: Keep payments below specified limits
4. Advance tax payment: If you've paid advance tax
5. NRI declarations: Appropriate forms for non-residents
Note: Salary TDS cannot be avoided; it's calculated as per income tax slabs.
What are the due dates for TDS payment and return filing?
TDS Payment Due Dates:
• For April-February: 7th of next month
• For March: 30th April
TDS Return Filing Due Dates:
• Q1 (Apr-Jun): 31st July
• Q2 (Jul-Sep): 31st October
• Q3 (Oct-Dec): 31st January
• Q4 (Jan-Mar): 31st May
Late payment/filing attracts interest and penalties.
How do I claim TDS credit in my income tax return?
To claim TDS credit:
1. Form 26AS: Check your consolidated tax statement online
2. TDS Certificate: Obtain Form 16 (salary) or Form 16A (non-salary) from deductor
3. ITR Filing: Mention TDS details in appropriate schedules of ITR
4. Verification: Ensure TDS amount in Form 26AS matches your records
5. Claim Credit: TDS is automatically credited if details match
If TDS not reflected in Form 26AS, contact deductor to file correction statement.
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