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How can I calculate TDS? Latest TDS Rates
TDS Rates are Pre-Fixed by the Government. Government update or add new sections every year (if required)
You just need to Calculate the TDS on Basic Invoice amount with pre-fixed rate.
Eg: If Basic Invoice value of Professional Fee is 1,00,000 then TDS will be 10,000 (10%)
Note: Govt. has reduced the TDS rates only for FY 2020–21 by 25% on reach section.
Every section has its own rate: Like 194C (Contractor Payments), 194 J (TDS on Professional Fee), 194IB (TDS on Rent), 194A (TDS on interest) etc.
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