All in One TDS Calculator

Instant and accurate TDS calculation simplified

Accurate TDS Calculation is a Must ?

File My Tax online has done in-depth research on various aspects of TDS so you can save taxes and plan your finances very well. This calculator works perfectly for Individuals, HUFs, Sole Proprietors and others. This tool is updated as per the latest TDS rates & regulations.


Recipient:

Q I stay in a rented house but I also own a house. Can I claim HRA exemption?

For claiming HRA, there is no requirement that you should not own a house. If you reside in a rented property, then you can claim exemption even if you own a house (in the same city or in a different city).
  • Select whether you have a Pan Card or not
  • Fill in the amount of payment
  • Select the nature of payment and click submit

Q Why does the TDS amount change if the individual does not have a Pan Card?

If you don’t have a Pan Card, TDS can be charged at a 20% or higher rate. On the other hand, you will have to pay TDS at the rate of 10%.
Note: Please note that you may face problems in claiming TDS in the absence of a Pan Card because the amount will not get reflected in Form 26AS.

Q How To Calculate the TDS Amount?

TDS is deducted from the employee's salary at the 'average rate' of income tax. It will be calculated in the following manner: Income tax payable (calculated using slab rates) divided by the employee's projected income for the fiscal year equals the average income tax rate.

Q When to deposit the TDS amount?

TDS is due on the 7th of each month for payments made the previous month, and on the 30th of April for payments made in March.