Calculate TDS deduction on any payment. Useful for contractor payments, commission, rent, and professional fees — with the common section rates for reference.
TDS (Tax Deducted at Source) makes the payer deduct tax before paying — common sections for a trading business are 194C (contractor payments, 1–2%), 194H (commission, 2%), 194I (rent, 10%) and 194Q (purchase of goods above ₹50 lakh, 0.1%).
Deducting is only half the job: deposit by the 7th of the next month and file quarterly returns (24Q/26Q), or interest and late fees under 234E accumulate per day.
If your turnover exceeded ₹10 crore last year and you buy more than ₹50 lakh from one supplier in the year, deduct 0.1% on the amount above ₹50 lakh. It interacts with the seller-side TCS 206C(1H) — only one of the two applies, and 194Q takes precedence.
TDS jumps to 20% under Section 206AA. Always collect PAN before the first payment — recovering excess deduction later is painful for both sides.
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