India: estimate TDS deducted on interest income — threshold, TDS rate and net interest received, with the rate and threshold as editable inputs.
Result
How to use this tool
From the payer, for the financial year.
In Advanced options, for your payer and depositor category.
Default 10% where PAN is furnished; higher without PAN.
And remember TDS is credited against your final tax.
Formula & worked example
India: interest of ₹60,000 above a ₹50,000 threshold at 10% gives TDS of ₹6,000 and net interest received of ₹54,000; interest of ₹40,000 gives no TDS.
Limitations — read this before you rely on it
India TDS illustration only. It models one payer and one threshold, does not cover all payer categories, senior-citizen thresholds, 15G/15H declarations, or final slab liability, and is not tax advice.
Frequently asked questions
Tax Deducted at Source: the payer (for example a bank) deducts tax before paying you interest, and deposits it with the government against your PAN.
When interest from a payer exceeds the prescribed threshold for that payer and depositor category in the financial year.
No. It is an advance credit. Your final liability depends on your total income and slab; excess TDS can be refunded on filing, and a shortfall must be paid.
Without PAN, TDS is deducted at a higher rate (20% where applicable). If your income is below the taxable limit you can submit Form 15G/15H to the payer where eligible.
They differ by payer type and category — for example bank interest thresholds differ for senior citizens — so this calculator keeps the threshold editable.