TDS & TCS Calculator
Calculate TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) for various payment types. Updated with Union Budget 2026 rates.
Calculating TDS...
TCS Calculator (Foreign Remittance)
TCS on foreign remittances reduced to 2% for education, medical, and tour purposes.
Budget 2026 TCS Savings Calculator
See how much you save with the new Budget 2026 TCS rates compared to the previous rates.
TCS Rates - Foreign Remittance (Budget 2026)
| Purpose | Rate | Threshold | Notes |
|---|---|---|---|
| Education (funded by loan) | 0.5% | Above Rs 7L | Loan from financial institution |
| Education (self-funded) | 2% | Above Rs 7L | Reduced from 5% (Budget 2026) |
| Medical Treatment | 2% | Above Rs 7L | Reduced from 5% (Budget 2026) |
| Overseas Tour Package | 2% | Any amount | No threshold limit |
| Other LRS Purposes | 5% | Above Rs 7L | Investment, gifts, etc. |
| Coal/Lignite Purchase | 2% | Rs 50L+ | New in Budget 2026 |
TDS Rates at a Glance
| Governing provision | Formerly | Rate | Threshold | Applies to |
|---|
Frequently Asked Questions
What happens if payee doesn't have PAN?
TDS is deducted at a higher rate of 20% (or the applicable rate, whichever is higher) if the payee doesn't provide PAN. This is as per Section 206AA.
When should TDS be deposited?
TDS deducted must be deposited by the 7th of the following month. For March, the due date is 30th April.
What is Form 26AS?
Form 26AS is your annual tax credit statement showing all TDS deducted against your PAN. It's essential for filing ITR and claiming TDS credits.
Statutory basis
This calculator applies the provisions below, read from the enacted text. The rate and threshold that apply depend on the date of the transaction, which the calculator resolves rather than assuming a single year.
- s.393, Income-tax Act 2025 — TDS on payments other than salary from 1 April 2026, applied by table serial source
- s.2(90), Income-tax Act 2025 — defines which rows take their rate from the Finance Act rather than the section source
- Finance Act 2026, First Schedule, Part II — rates in force for tax year 2026-27 source
- Finance Act 2025 (7 of 2025), First Schedule, Part II — rates in force for FY 2025-26 source
- Finance (No. 2) Act 2024, First Schedule, Part II — rates in force for FY 2024-25 source
- ss.192 to 194T, Income-tax Act 1961 — govern payments credited or paid before 1 April 2026 source
Last verified against the enacted text on .
- Content owner
- DailyWorks Technologies
- Implementation
- DailyWorks Technologies engineering
- Professional review
- Not independently reviewed. Figures are for information and are not a substitute for advice from a qualified tax professional.