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TDS Section 194A Calculator
Calculate TDS under Section 194A of the Income Tax Act, 1961. This section covers various payments as specified in the Income Tax Act.
About Section 194A
Section 194A of the Income Tax Act, 1961, deals with TDS on various payments as specified in the Act. The section specifies the TDS rates, threshold limits, and conditions for deduction.
Key Points:
- Interest on Securities (other than interest on securities): TDS rate of 10% applies on payments above the threshold limit
- Interest on Fixed Deposits: TDS rate of 10% applies on payments above the threshold limit
- If PAN is not provided, higher TDS rate (usually 20%) may apply
- TDS must be deducted at the time of payment or credit, whichever is earlier
- TDS must be deposited with the government by the 7th of the next month