TDS Calculator
Select nature of payment, enter the amount and answer applicable conditions. Tool computes TDS under both old (1961) and new (2025) regimes and displays the applicable section, rate, threshold, form, challan code and legal notes.
📋 Quick Reference
🏦 Challan / Payment Code Use on IT Portal
Enter the gross payment / single bill amount
Total payments made in tax year (incl. this one)
4 letters + 5 digits + 1 letter — required for portal
Date TDS was deducted from payment
Date TDS remitted to government
⚠ Interest on Late Deposit u/s 201(1A) — 1.5% per month
₹0
₹200 per day for late filing of TDS return; rounded per Sec 288B
⚠ Late Fee u/s 234E — ₹200 per day
₹0
194-IB Copy Board
Live preview — updates as you type
CRITICAL: 20% TDS Rate applied due to missing PAN.
PAN of Tenant
PAN of Landlord
Total Rent (Annual)
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Last Month's Rent
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Date of Deduction
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TDS @ 2%
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Tax+Interest+Fee
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Deposit within 30 days from end of month of deduction · Form 26QC (PAN-based) — TAN NOT required u/s 194-IB
Enter monthly rent above to preview
Additional information needed
TDS Computation Result
📋 Portal Payment Summary — ITNS-281
Copy fields before proceeding
TAN
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NOP Code
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Major Head
0020 / 0021
Minor Head
200 / 400
Amount BreakupRounded u/s 288B
Base Amount
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TDS Amount
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TOTAL PAYABLE
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Disclaimer: This tool is for indicative computation only. Rates & thresholds are based on Income Tax Act, 1961 (as amended by Finance Act, 2025) and Income Tax Act, 2025 read with Income Tax Rules, 2026 — effective 01.04.2026. Always verify with the bare Act, applicable Finance Act, CBDT circulars/notifications and DTAA where applicable. Surcharge & Health & Education Cess @ 4% applicable as per law for non-residents and salary cases. Higher TDS u/s 206AA (1961)/Sec 392/393 r/w 206AA equivalent under new Act applies if PAN is not furnished — generally 20% or twice the prescribed rate, whichever is higher.
⚖ Rent TDS — Statutory Position (Sec 194-I & 194-IB)
| Section | Pre 01.04.2025 (FY 2024-25 & earlier) | Current (FY 2025-26 / TY 2026-27 onwards) |
|---|---|---|
| 194-I(a) P&M | ₹2,40,000 p.a. aggregate @ 2% | ₹50,000 / month (or part) @ 2% |
| 194-I(b) Land/Bldg/Furn | ₹2,40,000 p.a. aggregate @ 10% | ₹50,000 / month (or part) @ 10% |
| 194-IB Ind/HUF (no audit) | >₹50,000/month @ 5% (till 30.09.2024) | >₹50,000 / month @ 2% (w.e.f. 01.10.2024) |
Statutory authority for 194-I change: Finance Act, 2025 — Clause 59 substituted the first proviso to Sec 194-I, w.e.f. 01.04.2025. The new proviso reads: "no deduction shall be made under this section, where the income by way of rent credited or paid for a month or part of a month by such person to the account of, or to, the payee, does not exceed fifty thousand rupees."
Statutory authority for 194-IB rate cut: Finance (No.2) Act, 2024 — reduced rate from 5% to 2% w.e.f. 01.10.2024.
TDS Reference — 1961 vs 2025
Comparative provisions: old section, new section, threshold limit, applicable rate, prescribed form & challan code. Applicable from FY 2026-27 / Tax Year 2026-27 for new Act; FY 2025-26 (with Finance Act 2025 thresholds) for old Act.
TDS Returns & Statements
Old — Salary TDS ReturnForm 24QQuarterly
New — Salary TDS ReturnForm 138Quarterly (TY 2026-27 onwards)
Old — Resident non-salary TDSForm 26QQuarterly
New — Resident non-salary TDSForm 140Quarterly
Old — Non-resident TDSForm 27QQuarterly
New — Non-resident TDSForm 144Quarterly
Old — TCS ReturnForm 27EQQuarterly
New — TCS ReturnForm 143Quarterly (Sec 394)
TDS Certificates
Old — Salary CertificateForm 16Annual
New — Salary CertificateForm 130Annual
Old — Non-salary CertificateForm 16AQuarterly
New — Non-salary CertificateForm 131Quarterly
Old — TDS u/s 194-IA (property)Form 16BPer transaction
Old — TDS u/s 194-IB (rent)Form 16CPer transaction
Old — TDS u/s 194MForm 16DPer transaction
Old — TDS u/s 194S (VDA)Form 16EPer transaction
Challan-cum-Statements (Property/Rent/VDA)
Old — 194-IA (property)Form 26QBSingle deductor-deductee
Old — 194-IB (rent)Form 26QCAnnual / on vacating
Old — 194MForm 26QDPer transaction
Old — 194S (VDA)Form 26QEPer transaction
New — ConsolidatedForm 141Replaces 26QB/QC/QD/QE
Lower / NIL Deduction Forms
Old — Self DeclarationForm 15G / 15H15H = Sr. Citizen
New — Self DeclarationForm 121Merged 15G/15H
Old — Lower TDS ApplicationForm 13u/s 197
New — Lower TDS ApplicationForm 117u/s 395
Old — No-PAN DeclarationForm 60Specified transactions
New — No-PAN DeclarationForm 97Specified transactions
Foreign Remittance & Other
Old — Remittance InfoForm 15CARemitter
Old — CA CertificateForm 15CBCA UDIN
New — Remittance InfoForm 145Remitter
New — CA CertificateForm 146UDIN-verified via ICAI API
Old — TDS ChallanITNS-281All sections
New — TDS ChallanITNS-281 (continued) + Payment Codes 1001–1092Mandatory code-based reporting
Structural Changes
1. Consolidation: Old Act had ~60 scattered TDS sections (192–194T). New Act consolidates all into:
- Sec 392 — Salary & PF (replaces 192, 192A)
- Sec 393 — All non-salary TDS (replaces 193 to 194T & 195 etc.) — organised in 6 tables: Table 1 (Residents), Table 2 (Non-Residents), Table 3 (Any Person — winnings, benefits etc.), Tables 4–6 (special categories)
- Sec 394 — All TCS (replaces 206C series)
Rate / Threshold Changes (Finance Act, 2025 effective FY 2025-26 → carried in 2025 Act)
| Section | Particular | Old | New |
|---|---|---|---|
| 194 / 393(1) | Dividend — threshold | ₹5,000 | ₹10,000 |
| 194A / 393(1) | Bank int. — sr. citizen threshold | ₹50,000 | ₹1,00,000 |
| 194A / 393(1) | Bank int. — others threshold | ₹40,000 | ₹50,000 |
| 194A / 393(1) | Non-bank int. threshold | ₹5,000 | ₹10,000 |
| 194B / 393(3) | Lottery / winnings | aggregate ₹10k | single transaction ₹10k |
| 194D / 393(1) | Insurance comm. | ₹15,000 | ₹20,000 |
| 194G / 393(1) | Lottery comm. | ₹15,000 | ₹20,000 |
| 194H / 393(1) | Comm./brokerage | ₹15,000 | ₹20,000 |
| 194I / 393(1) | Rent threshold | ₹2,40,000/yr | ₹50,000/month |
| 194IB / 393(1) | Rent by Ind/HUF — RATE | 5% | 2% |
| 194J / 393(1) | Professional/Tech threshold | ₹30,000 | ₹50,000 |
| 194K / 393(1) | MF unit income | ₹5,000 | ₹10,000 |
| 194LA / 393(1) | Land acquisition compensation | ₹2,50,000 | ₹5,00,000 |
| 194T / 393(1) | Partner remuneration | — (NEW) | ₹20,000 @ 10% |
Conceptual Changes
- Tax Year: Replaces Previous Year & Assessment Year — single concept (Sec 3, ITA 2025)
- Payment Codes: Numeric codes 1001–1092 replace section numbers in challans/returns from 01.04.2026
- Transition: Earlier of credit/payment determines which Act applies — pre 01.04.2026 = ITA 1961; on/after = ITA 2025
- Valid certs: Form 13 / Form 15G/15H certificates issued under 1961 Act remain valid for projected receivables in TY 2026-27 (Sec 536(2)(j))
- PAN/TAN: Existing PAN & TAN remain valid; no fresh allotment required
New Tax Regime — Default u/s 115BAC (1961) / Sec 202 (2025) — TY 2026-27
| Slab (₹) | Rate |
|---|---|
| Up to 4,00,000 | Nil |
| 4,00,001 – 8,00,000 | 5% |
| 8,00,001 – 12,00,000 | 10% |
| 12,00,001 – 16,00,000 | 15% |
| 16,00,001 – 20,00,000 | 20% |
| 20,00,001 – 24,00,000 | 25% |
| Above 24,00,000 | 30% |
Key features (New Regime):
- Standard deduction u/s 16(ia) / Sec 19: ₹75,000
- Rebate u/s 87A / Sec 156: ₹60,000 for total income up to ₹12 lakh (effectively zero tax up to ₹12,75,000 incl. SD)
- Marginal relief available where income marginally exceeds ₹12 lakh
- Surcharge: 10%/15%/25% (capped at 25% — no 37% in new regime)
- Health & Education Cess: 4% on (tax + surcharge)
Old Tax Regime — Optional — TY 2026-27
| Slab (₹) | < 60 yrs | 60–80 yrs | ≥ 80 yrs |
|---|---|---|---|
| Up to 2,50,000 | Nil | Nil | Nil |
| 2,50,001 – 3,00,000 | 5% | Nil | Nil |
| 3,00,001 – 5,00,000 | 5% | 5% | Nil |
| 5,00,001 – 10,00,000 | 20% | 20% | 20% |
| Above 10,00,000 | 30% | 30% | 30% |
Key features (Old Regime):
- Standard deduction: ₹50,000
- Rebate u/s 87A: ₹12,500 for total income up to ₹5 lakh
- Chapter VI-A deductions (80C, 80D, 80G etc.) available — Now Chapter XIII / Sec 123 onwards under ITA 2025
- Surcharge: 10%/15%/25%/37%
- Health & Education Cess: 4%
Surcharge Rates (Both Regimes)
| Total Income | Old Regime | New Regime |
|---|---|---|
| ₹50L – ₹1Cr | 10% | 10% |
| ₹1Cr – ₹2Cr | 15% | 15% |
| ₹2Cr – ₹5Cr | 25% | 25% |
| Above ₹5Cr | 37% | 25% (capped) |