TDS Calculator

About

  • The TDS Calculator API enables you to calculate the respective tds_amount, tds_rate, & TDS due_date, among others for a particular case.
  • This API takes the respective section under 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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What is TDS?

Usecase

  • TDS needs to be deducted by Company, Branch / Division of Company, Association of Person (AOP), Association of Person (Trust), Artificial Juridical Person, Body of Individuals, Individual/HUF, Firm, etc.

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Who needs to deduct TDS?


Endpoint

HTTP Method

Endpoint

Description

POST

calculators/tds

A Request Body (JSON) is uploaded for calculating the TDS Tax Liabilities.

API EndpointAPI Endpoint

Body Parameters

Parameters

Required

Type

Description

Example

deductee_type

Yes

string

Type of Deductee Possible Values:
Individual, HUF, Company,
Firm, Trust

Individual

is_pan_available

Yes

string

Is PAN of deductee available?
Possible Values: Y, N

Y

residential_status

Yes

string

Residential Status of the user
Possible Values:
Resident, Non Resident

Resident

section

Yes

string

Section under which the tax is
deducted for deductee

194 - Dividend

credit_amount

Yes

num

Payment amount (in INR)

250000

credit_date

Yes

string

Date of payment
Format: DD/MM/YYYY

20/02/2021


Response

Param

Type

Description

Example

deductee_type

string

Type of Deductee Possible Values:
Individual, HUF, Company,
Firm, or Trust

Individual

is_pan_available

string

Returns Y or N.

Y

residential_status

string

Residential Status of the user. Possible Values: Resident, Non Resident

Resident

section

string

Section under which the tax is deducted for deductee

194 - Dividend

credit_amount

num

Payment amount (in INR)

250000

credit_date

string

Date of payment
Format: DD/MM/YYYY

07/03/2021

tds_rate

num

Applicable TDS rate

7.5

threshold_amount

num

Threshold amount that could be deducted

2500

due_date

string

Due date of filing TDS

07/03/2021

tds_amount

num

TDS amount to be deducted

18750


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