Is TDS deducted on all bank fixed deposit interest?

TDS under Section 194A applies once interest from a bank FD crosses the threshold for a financial year (a higher threshold applies for senior citizens). Below the threshold, no TDS is deducted, though the interest itself is still taxable.

What is the TDS rate on professional or technical fees?

Under Section 194J, TDS is generally deducted at 10% on professional fees and at 2% on technical services or certain other specified payments, once payments exceed the threshold for that category.

Can I get back TDS that was deducted in excess of my actual tax liability?

Yes. Any TDS deducted beyond your final tax liability is refunded when you file your income tax return, provided you correctly report the corresponding income and TDS credit.

income-tax Client-Side Only

TDS Calculator (Sections 194A, 194J, 194C, 194I)

Work out how much TDS applies to bank FD interest, professional fees, contractor payments, or rent — including the higher rate if you haven't shared your PAN.

Select TDS Section

Gross Invoice or Payment Amount (₹)

Deductee PAN Status

Section 206AA mandates 20% TDS if PAN is invalid or missing

TDS Assessment

Applicable TDS Rate

10%

TDS to be Deducted

₹5,000

Net Amount to Payee

₹45,000

TDS Certificate: Form 16A

Deposit Due Date: 7th of subsequent month

Burnjet provides general informational estimates based on official statutory tax slabs. Tax rules can change by assessment year. Verify applicable rules and consult a qualified Chartered Accountant (CA) for filing.

Quick Reference & Instructions

Simple steps, pro tips, and execution details

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Type, paste, or select your values in the form fields below.

Instant Live Analysis

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How It Works

Checks your payment amount against the tax-free limit for that payment type, then calculates the TDS that applies above it.

Formula & Logic

\text{TDS} = \text{Gross Payment} \times \text{Applicable Rate (10\% / 2\% / 1\%)}

Frequently Asked Questions

Common questions about calculations, assumptions, and edge cases.

If you don't furnish your PAN, TDS is deducted at a higher rate — typically 20%, or the rate specified under the relevant section, whichever is higher — instead of the normal applicable rate.

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