TDS Calculator on Interest Income — Section 194A
TDS on Interest Income is 10% under Section 194A. Threshold: ₹40,000.
TDS Amount (Section 192)
₹50,000
Net Amount
₹4.50 L
TDS Rate
10%
Threshold
₹2.50 L
💡 TDS on Interest Income — Section 194A
TDS on interest income is deducted at 10% under Section 194A of the Income Tax Act. The deduction is applicable only when the payment exceeds ₹40,000 per transaction.
Example: On ₹1 L interest income, TDS = 10% × ₹1 L = ₹10,000. Net amount received: ₹90,000. Without PAN, TDS increases to 20%. The deducted TDS can be claimed as credit when filing your ITR.
Interest Income: 10% TDS (Section 194A) above ₹40,000. On ₹1 L → TDS: ₹10,000 | Net: ₹90,000.