TDS deducted (10%)
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Payment amount ₹0
TDS deducted ₹0
Net amount received ₹0
How TDS works
TDS (Tax Deducted at Source) is tax the payer deducts before paying you. TDS = amount × rate ÷ 100, and you receive the balance. The rate depends on the section. TDS applies only above each section's threshold, and if you don't provide a PAN, it jumps to 20% (Section 206AA). Excess TDS can be claimed back as a refund when you file your ITR.
FAQs
TDS = amount × rate ÷ 100. The rate depends on the section (e.g. 10% for 194A interest, 2% for 194H commission, 10% for 194J professional fees).
TDS jumps to 20% under Section 206AA regardless of the normal rate.
If the payment is below the section threshold, or you submit Form 15G/15H declaring income below the taxable limit.