Knowledge Base

TDS — Tax Deducted at Source

TDS = Payment Amount × Applicable TDS Rate

TDS on salary: As per income tax slab. Employer deducts monthly.

TDS on FD interest: 10% if interest > ₹40K/year (₹50K for seniors). Submit 15G/15H to avoid.

TDS on rent: 10% if annual rent > ₹2.4 Lakhs (for individuals).

TDS on freelance/professional income (194J): 10%. On commission (194H): 5%.

File Form 26AS/AIS to verify all TDS credits before filing returns.

Pro Tip

If your total income is below taxable limit, submit Form 15G (or 15H for seniors) to bank to avoid TDS on FD interest.

TDS — Tax Deducted at Source - Complete Guide

Everything you need to know about TDS and how to optimize your financial strategy.

Understanding the Formula

The core calculation is based on:

TDS = Payment Amount × Applicable TDS Rate

Key Concepts & Rules

TDS on salary: As per income tax slab. Employer deducts monthly.

TDS on FD interest: 10% if interest > ₹40K/year (₹50K for seniors). Submit 15G/15H to avoid.

TDS on rent: 10% if annual rent > ₹2.4 Lakhs (for individuals).

TDS on freelance/professional income (194J): 10%. On commission (194H): 5%.

File Form 26AS/AIS to verify all TDS credits before filing returns.

Expert Strategy

If your total income is below taxable limit, submit Form 15G (or 15H for seniors) to bank to avoid TDS on FD interest.

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