TDS calculator is built to help deductor from rigour of daily computation and looking into TDS chart for rate and rules. Slowly and slowly , the provisions of TDS is spreading to various payments and as such clutch of withholding tax (TDS) is increasing day by day.TDS on interest,salary or contracts or technical payments are such things that accountants have to deal with TDS computation day in day out. Therefore TDS calculator will be very handy for all those people who are in charge of computing TDS .
Certain provisions of TDS are required to be dealt on day to day basis specially for TDS under section 192, 193, 193A, 194,194C,194H,194I,194J of the I T Act . The rates of tax at source under Income Tax Act are fixed differently for different kinds of receiver of payments and certain other factors . Then it changes or certain conditions changes almost every year. Therefore, a tax calculator is devised for your help , you are supposed to select the conditions applied to you and give the amount.
TDS Calculator for FY 2011-12
The tds calculator is in Beta stage, so readers are requested to send feedback about any error or any improvements