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TDS Calculator

TDS Calculator

How much TDS will the bank deduct on your FD/RD interest?

₹
%
TDS threshold that applies
₹0
TDS the bank deducts
₹0
Net interest credited
₹0
Your actual tax due, at slab
₹0
Refund / extra due at filing
₹0
What you receive vs what's withheld

FY2025-26/26-27 thresholds under Section 194A: ₹50,000/year for regular depositors, ₹1,00,000/year for senior citizens (60+), per bank, across all FDs and RDs combined at that bank. Once interest crosses the threshold, TDS applies to the entire interest amount, not just the excess. Rate is 10% with a valid PAN on file, 20% without one (Section 206AA) — the 20% rate applies even if you'd otherwise owe no tax.

TDS is only an advance, not your final tax. If your total income is below the taxable limit, submit Form 15G (under 60) or 15H (60+) to the bank to stop TDS being deducted at all. If it's already been deducted and your actual liability is lower, you can only get it back by filing an income-tax return and claiming the refund.

What to work out next

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Capital Gains Tax Calculator

Equity, debt funds, property, gold - the tax before you sell.

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Your quarterly installment schedule, and what missing it costs.

Income Tax Calculator

Compare the old and new tax regimes side by side.

Frequently asked questions

Should I choose the old tax regime or the new one?

It depends on how many deductions and exemptions you actually claim (80C, HRA, home loan interest, and similar). If your eligible deductions are substantial, the old regime often works out cheaper; if you claim few or none, the new regime's lower slab rates usually win. Compare both using your real numbers rather than assuming -- this calculator does that comparison directly.Read more: Your FD Is Losing Money, Politely

What counts as a tax-saving investment?

Under the old regime, Section 80C covers instruments like PPF, ELSS mutual funds, EPF, life insurance premiums, and 5-year tax-saving FDs, up to the annual 80C cap. The new regime doesn't offer most of these deductions, which is the core trade-off between the two regimes.Read more: Rent in the City, Buy Farmland, Pay No Tax: The Advice That Raises Your Tax Bill

How is capital gains tax calculated on mutual funds/stocks?

It depends on the holding period and asset type. Equity held over 12 months is taxed as long-term capital gains (with an annual exemption threshold); held less than 12 months, it's short-term and taxed differently. Debt funds follow their own, separate rules. Always check the current thresholds, since these are periodically revised.Read more: Tax Deferment Techniques in India: What the Wealthy Use and Nobody Teaches You

What is TDS and when does it apply?

TDS (Tax Deducted at Source) is income tax deducted upfront by whoever pays you -- an employer, a bank paying FD interest above a threshold, and similar -- and deposited with the tax department on your behalf. It's an advance payment toward your total tax liability, not an extra tax, and is adjusted when you file your return.Read more: A ULIP Is an Investment Fund Wearing an Insurance Costume — Here’s Every Charge

Estimates only, not financial advice. See our Disclaimer.