Can TDS deducted be refunded?

Yes, if total TDS deducted exceeds your actual income tax liability for the financial year, you can claim a refund by filing your annual Income Tax Return (ITR).

TDS Calculator

Gross Annual Salary

₹

Total Deductions (80C, etc.)

₹

Annual Tax

₹0

Guide & Methodology

About the TDS (Tax Deducted at Source) Calculator

Calculate Tax Deducted at Source (TDS) on salary, contractor payments (194C), professional fees (194J), rent (194I), and bank interest.

What this calculator does

Computes statutory TDS withholding across relevant Income Tax sections.
Verifies whether transaction value crosses statutory threshold limits.
Calculates net payable sum to vendor or employee after TDS deduction.

How it Works & Key Inputs

Step 1

Select TDS Section

Choose section (194C Contractor 1-2%, 194J Professional 10% / Tech 2%, 194I Rent 10%).

Step 2

Invoice Amount

Input gross payment amount.

Step 3

Deduct TDS

View net payment due and tax to deposit with government before the 7th of next month.

Core Calculation Parameters

Payment AmountGross invoice amount before tax deduction.

TDS SectionApplicable section under Income Tax Act, 1961.

Formula & Calculation Logic

Mathematical Model

TDS Amount = Gross Payment × (TDS Rate / 100) | Net Amount = Gross Payment - TDS Amount

Withholding tax deduction formula.

Variables Breakdown

TDS RateStatutory percentage mandated by Section 194

Frequently Asked Questions (FAQ)

Disclaimer: This calculator is provided for educational and illustrative purposes only. Actual financial outcomes may vary based on statutory changes, lender terms, fund fees, and prevailing market dynamics.