What is TDS in India?

TDS is Tax Deducted at Source — the payer deducts tax before making payment to ensure tax collection at the point of income.

What is TDS rate on FD interest in India 2026?

TDS on FD interest is 10% under Section 194A when interest exceeds Rs 40,000/year (Rs 50,000 for senior citizens).

How to avoid TDS on FD?

Submit Form 15G (below 60 years) or Form 15H (senior citizens) to the bank if your total income is below the taxable threshold.

What is TDS on rent above 50000 per month?

Under Section 194IB, individuals paying rent above Rs 50,000 per month must deduct TDS at 5% and deposit via Form 26QC.

How do I check TDS deducted on my income?

Log in to the Income Tax portal and view Form 26AS under My Account to see all TDS deducted against your PAN.

TDS Calculator India FY 2026-27 – TDS on Salary, FD, Rent & Professional Fees

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💼Salary

🏦FD / Interest

🏠Rent

📋Professional

💼 Salary TDS — Section 192

TDS Deducted

Gross Amount

Net Amount Received

TDS Rate

Component	Amount

📊 TDS Calculator India FY 2026-27

Use this free TDS Calculator to calculate Tax Deducted at Source on Salary, Fixed Deposit interest, Rent, and Professional Fees for FY 2026-27. Know exactly how much TDS is deducted and what you receive after TDS.

📋 TDS Rate Chart FY 2026-27 (Key Sections)

Section	Nature of Payment	TDS Rate	Threshold
192	Salary	As per slab	Basic exemption limit
194A	Interest on FD (Bank)	10%	₹40,000/yr (₹50,000 for senior citizen)
194I	Rent (Land/Building)	10%	₹2,40,000/yr
194I	Rent (Plant/Machinery)	2%	₹2,40,000/yr
194J	Professional/Technical Fees	10%	₹30,000/yr
194J	Technical Services (non-professional)	2%	₹30,000/yr
194C	Contractor Payments	1% (Individual) / 2% (Company)	₹30,000 single / ₹1,00,000 aggregate
194H	Commission / Brokerage	5%	₹15,000/yr

💼 TDS on Salary — Section 192

TDS on salary is calculated based on your estimated annual income and applicable tax slab. Your employer deducts TDS monthly from your salary. Key points:

✔ Standard deduction of ₹75,000 (New Regime) or ₹50,000 (Old Regime) is considered
✔ No TDS if income is below basic exemption limit
✔ Employee can submit Form 12BB to declare investments and reduce TDS
✔ TDS is spread equally over 12 months

🏦 TDS on Fixed Deposit — Section 194A

Banks deduct TDS on FD interest when it exceeds the threshold in a financial year:

✔ ₹40,000/year — for individuals below 60 years
✔ ₹50,000/year — for senior citizens (60 years and above)
✔ TDS rate: 10% (if PAN provided) | 20% (if PAN not provided)
✔ Submit Form 15G (below 60) or Form 15H (senior citizens) to avoid TDS if total income is below taxable limit

🏠 TDS on Rent — Section 194I / 194IB

✔ Section 194I: Applies to businesses/companies paying rent above ₹2.4 lakh/year — TDS at 10%
✔ Section 194IB: Individuals/HUF paying rent above ₹50,000/month must deduct TDS at 5% (once a year)
✔ TDS must be deposited using Form 26QC within 30 days of financial year end

❓ Frequently Asked Questions — TDS India 2026

1. What is TDS and why is it deducted?

TDS (Tax Deducted at Source) is a mechanism where the payer deducts tax before making payment. It ensures tax collection at the point of income and reduces tax evasion.

2. How do I check my TDS in Form 26AS?

Log in to the Income Tax portal (incometaxindia.gov.in) → My Account → View Form 26AS. It shows all TDS deducted against your PAN.

3. What happens if TDS is more than my actual tax liability?

You get a tax refund. File your ITR and claim the excess TDS as refund. The refund is credited to your registered bank account.

4. Can I avoid TDS on FD by submitting Form 15G/15H?

Yes. Form 15G (for those below 60) and Form 15H (senior citizens) can be submitted to the bank if your total income is below the taxable threshold, and the bank will not deduct TDS.

5. What is the TDS rate without PAN?

If PAN is not provided, TDS is deducted at 20% for most sections instead of the normal rate. Always ensure your PAN is registered with the payer.

6. Is TDS deducted on rent paid to individuals?

If you pay rent above ₹50,000/month, you must deduct TDS at 5% under Section 194IB and deposit it once at year-end using Form 26QC.

👉 TDS rates are as per Finance Act 2026. Surcharge and cess may apply in certain cases. Verify with your CA for complex situations. Last updated: April 2026.