A TDS (Tax Deducted at Source) calculator is an online financial tool that helps individuals, businesses, and professionals determine the exact amount of tax to be deducted at source on various types of payments — including salary, interest income, professional fees, rent, contractual payments, and securities transactions — under the applicable TDS rates prescribed by the Income Tax Act, 1961. The calculator takes inputs such as the payment category, gross payment amount, PAN status of the recipient (PAN provided or not — higher TDS applies without PAN), applicable TDS rate, and any surcharge or education cess — to compute the net TDS deduction and the amount payable to the recipient after deduction. In India, TDS obligations are a key compliance requirement for employers, companies, and individuals making specified payments — failure to deduct or deposit TDS results in interest, penalties, and disallowance of the expense. A TDS calculator on Ventura's platform helps investors and clients understand the tax implications of their investment income — particularly relevant for fixed deposit interest (Section 194A), dividend income (Section 194), mutual fund redemptions, and securities transactions, ensuring they account for advance TDS credits when filing their income tax return.
For android only
