TDS Calculator — Calculate TDS on Salary FD Rent and More
Calculate TDS applicable on salary interest income rent payments contractor payments and professional fees. Know current TDS rates for FY 2025-26.
Tax Deducted at Source is a mechanism where the payer deducts tax before making payments to you and deposits it with the government on your behalf. TDS applies to salary payments FD interest exceeding Rs 40000 rent payments above Rs 50000 per month contractor payments above Rs 30000 and professional fees above Rs 30000. Understanding TDS rates helps you plan your cash flows better and claim refunds when excess TDS is deducted.
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Key Information
| Parameter | Details |
|---|---|
| TDS on Salary | As per applicable slab rate |
| TDS on FD Interest | 10% (above Rs 40000/year) |
| TDS on Rent (above Rs 50000/month) | 5% for individual landlord |
| TDS on Professional Fees | 10% (above Rs 30000) |
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Use Calculator NowFrequently Asked Questions
Why is my FD interest less than expected?
Banks deduct TDS at 10% on FD interest when it exceeds Rs 40000 per year (Rs 50000 for senior citizens). If your total income is below the taxable limit you can submit Form 15G (or Form 15H for seniors) at the beginning of the financial year to avoid TDS deduction. If TDS is already deducted you can claim a refund while filing your ITR.
How to avoid TDS on rent payments?
As a tenant if your monthly rent exceeds Rs 50000 you must deduct TDS at 5% before paying the landlord. However if the landlord provides a declaration that their total income is below the taxable limit they can request non-deduction. You must deposit the deducted TDS using Form 26QC within 30 days of the end of the month.
What happens if excess TDS is deducted?
If excess TDS is deducted you can claim a refund by filing your Income Tax Return. The excess amount will be refunded to your bank account after processing usually within 30-45 days. Check Form 26AS on the income tax portal to verify all TDS credits before filing your return.
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Last updated: 24 March 2026