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Tax Deducted at Source (TDS) is a mechanism where tax is deducted at the source of income generation. Our TDS calculator helps you calculate the TDS amount to be deducted from various payments and determine the net amount payable to the recipient. You can also include additional taxes like GST or VAT in your calculations.
Enter the gross amount and the applicable TDS rate. Optionally include tax calculations by enabling the tax option and entering the tax rate. The calculator instantly computes the tax amount (if applicable), TDS amount to be deducted, and the net amount after all deductions. This is essential for compliance with tax regulations and accurate payment calculations.
TDS rates vary depending on the nature of payment and recipient category. Common rates include 1%, 2%, 5%, 10%, 20%, and 30%. Always verify the applicable rate as per current tax regulations.
TDS stands for Tax Deducted at Source. It is tax collected by the payer on behalf of the government from payments made to recipients.
TDS is applicable on various payments like salary, interest, rent, professional fees, and other specified payments above certain thresholds.
TDS is calculated as a percentage of the gross payment amount. The payer deducts this amount and remits it to the government.