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TDS Refund Calculator India — Claim TDS Refund on Salary & FD
Calculate TDS refund by comparing total TDS deducted with actual tax liability. Know your refund before filing ITR.
TDS Refund Formula: Refund = Total TDS Deducted − Actual Tax Liability. File ITR to claim it. Refund credited within 2–4 weeks of e-verification if bank account is pre-validated on IT portal.
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TDS Refund Calculator
Tax Regime
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Deductions (Old Regime)
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TDS Already Deducted
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📊 TDS Rates — Quick Reference
| Income Type | TDS Section | TDS Rate | Threshold |
|---|---|---|---|
| Salary | 192 | Slab rate | Above basic exemption |
| FD Interest | 194A | 10% | ₹50,000 (senior) / ₹40,000 |
| Rent | 194I | 10% | ₹2,40,000/year |
| Professional Fees | 194J | 10% | ₹30,000/year |
| Commission | 194H | 5% | ₹15,000/year |
| Property (buyer deducts) | 194IA | 1% | Above ₹50 lakh |
📖 How to Use This Calculator
- 1Select Tax RegimeChoose new (default) or old regime. New regime has lower slabs but no deductions except standard deduction.
- 2Enter All Income SourcesEnter salary, FD interest and other income. Calculator applies correct standard deduction automatically.
- 3Enter TDS DeductedCheck Form 16 for salary TDS and Form 26AS on incometax.gov.in for all other TDS. Enter each source separately.
- 4Read Refund or DemandIf TDS exceeds liability → file ITR to claim refund. If liability exceeds TDS → pay balance as self-assessment tax before filing.
✅ Why Use This Calculator
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Both Regimes
Calculates tax under old and new regime with correct slabs and standard deduction.
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All TDS Sources
Covers salary TDS, FD TDS, other income TDS and advance tax in one place.
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87A Rebate
Auto-applies Section 87A rebate (nil tax up to ₹12L new / ₹5L old regime).
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Action Steps
Clear next steps — file ITR for refund or pay self-assessment tax for demand.
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Form 26AS Tip
Reminds you to verify TDS with Form 26AS before filing to avoid mismatch notices.
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100% Private
No data stored or sent. All calculations in your browser.
❓ Frequently Asked Questions — TDS Refund
How to check if I am eligible for TDS refund?
You are eligible for TDS refund if the total TDS deducted (from salary, FD, rent, etc.) plus advance tax paid exceeds your actual tax liability for the year. Check Form 26AS for total TDS on your PAN. Use this calculator to compute actual liability and compare.
How long does TDS refund take after ITR filing?
TDS refund is typically credited within 2-4 weeks of e-filing and e-verification if bank account is pre-validated on IT portal. Complex returns may take 2-3 months. Track refund status at incometax.gov.in → e-File → ITR Status. Contact CPC helpline 1800-103-4455 if not received after 3 months.
What is Form 26AS and why is it important for TDS refund?
Form 26AS is your annual tax statement showing all TDS deducted on your PAN. Before filing ITR, verify that your TDS entries match Form 26AS. If TDS is deducted but not reflecting in Form 26AS, the deductor has not deposited it — contact them. Mismatch between ITR and Form 26AS can delay refund.
Can I get TDS refund on FD interest?
Yes. If bank deducted TDS at 10% on FD interest but your actual tax liability is lower (or nil due to low income), you can claim refund by filing ITR. Example: Senior citizen with ₹3L FD interest, no other income — actual tax nil, TDS deducted ₹30,000 → full ₹30,000 refund on filing ITR. Submit Form 15H to bank to avoid TDS deduction if income is below exemption limit.
What happens if I miss the ITR deadline for TDS refund?
If you miss July 31 deadline: File belated ITR by December 31 of the assessment year with ₹5,000 late fee (₹1,000 if income below ₹5L). You can still claim TDS refund in belated ITR. Interest on refund (Section 244A) is available only if ITR is filed by due date. For refunds, filing late still gives you the money — just without interest.
📋 Find CA / Tax Consultants Near You
Verified CAs for ITR filing and TDS refund claims on ContactDirectoryAI.