TDS Calculator
About
- The TDS Calculator API enables you to calculate the respective
tds_amount,tds_rate, & TDSdue_date, among others for a particular case. - This API takes the respective
nature_of_paymentunder TDS requirements and provides applicable TDS liability.
Definitions
- Tax Deducted at Source (TDS) is an indirect method of collecting Income Tax.
- (TDS) is applicable to persons making payment of specified nature to deduct tax at source at a prescribed rate and deposit the same with the Government.
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Usecase
- TDS can to be deducted by Company, Association of Persons, Trust, Artificial Juridical Person, Body of Individuals, Individual, HUF, Firm, etc.
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Endpoint
HTTP Method | Endpoint | Description |
|---|---|---|
POST | calculators/tds | A Request Body (JSON) is uploaded for calculating the TDS Tax Liabilities. |
Body Parameters
Parameters | Required | Type | Description | Example |
|---|---|---|---|---|
deductee_type | Yes |
| Type of Deductee Possible Values: | Individual |
is_pan_available | Yes |
| Is PAN of deductee available? | Y |
residential_status | Yes |
| Residential Status of the user | Resident |
nature_of_payment | Yes |
| Type of the payment being made. | Cargo Handling Services Inspection And Logistics Services |
credit_amount | Yes |
| Payment amount (in INR) | 250000 |
credit_date | Yes |
| Date of payment | 20/02/2021 |
Response
Param | Type | Description | Example |
|---|---|---|---|
deductee_type |
| Type of Deductee Possible Values: | Individual |
is_pan_available |
| Returns Y or N. | Y |
residential_status |
| Residential Status of the user. Possible Values: Resident, Non Resident | Resident |
section |
| Section under which the tax is deducted for deductee | 195 |
code |
| Code under which the tax is deducted for deductee. | 195 |
category |
| Category under which tax is deducted for deductee. | Others |
nature_of_payment |
| The kind of payment being made. | Cargo Handling Services Inspection And Logistics Services |
credit_amount |
| Payment amount (in INR) | 250000 |
credit_date |
| Date of payment | 20/02/2021 |
tds_rate |
| Applicable TDS rate | 7.5 |
threshold_amount |
| Threshold amount that could be deducted | 2500 |
due_date |
| Due date of depositing TDS | 07/03/2021 |
tds_amount |
| TDS amount to be deducted | 18750 |
Updated about 2 months ago