TDS Calculator

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.