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TDS Calculator

TDS Calculator


TDS Calculator

The Income Tax department has released a tool for TDS calculator through which taxes could be calculated. TDS calculator will calculate the TDS for dividends, cash withdrawal, rent to a resident, etc. To discourage the cash transaction, Under Finance Act 2020, Income tax department has levied 5% income tax for the amount withdrawal above 1 crore under section 194 N from the bank whereas if the amount is from 20 Lakh up to 1 crore, TDS @ 2% is levied. All information is collected from the internet. 

Link is as follows:

https://www.incometaxindia.gov.in/Pages/tools/tds-calculator.aspx


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