TDS and TCS: rates, returns, interest and credits
Work out TDS on a payment, prepare and pre-check quarterly statements, see interest and late fees, and match 26AS and marketplace TCS credits to your books.
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Go to the 10 toolsDeducting, depositing and reporting tax at source
For anyone in India who deducts or collects tax at source, and for those waiting for the credit: a business paying contractors, professionals or rent, an accountant filing quarterly statements for clients, an online seller whose marketplace keeps back TCS, and a buyer paying an NRI for a flat.
How to choose
Go by the step you are at:
Before you pay: TDS Calculator tells you whether TDS applies to a payment and at what rate, with the section of the new Act and of the old one. Bulk TDS on Vendor Invoices & Payments runs a whole register of vendor payments, and TCS on Foreign Remittance Calculator covers money sent abroad.
After a delay: TDS Interest and Late Fee Calculator works out the interest row by row and the fee for a late statement.
Filing the quarter: TDS Return File Generator builds the statement, TDS Return File Validator finds what the FVU would reject in a file you already have, and Salary TDS Computation & 24Q Annexure II handles employees.
Checking the credit: Form 26AS TDS Reconciliation with Books lists the customers whose deductions never reached your credit, and E-commerce TCS & TDS Credit Reconciliation does the same for marketplace collections.
Buying from a non-resident: TDS on Property Bought from an NRI gives the tax on each payment and the form to deposit it with.
None of them logs in to TRACES or the e-filing portal: the files they make are uploaded there by you.
The main tools, compared
| Tool | When to pick it | Country | What you give it | What you get | Works offline | Stays on your device |
|---|---|---|---|---|---|---|
| TDS Return File Generator (Form 140, 26Q, 24Q, 27Q) Premium tool | Turns challans and deductee rows into a regular quarterly statement ready for the FVU, and lists every error line by line before you run it. | India | Nothing — start blank | Free preview: the checks, totals and late fee of the whole statement, with the first rows of the interest and section tables (up to 10); the .txt file is never shown | Yes | Yes |
| TDS Return File Validator (FVU Pre-check) Premium tool | Reads a statement text file you already made and names the line, the field and the fix for each problem the FVU would stop at. | India | Text | Free preview: the verdict and every count, the first half of the problems (up to 10) and the first rows of each table, with the late fee and interest hidden | Yes | Yes |
| TDS Interest and Late Fee Calculator (India) Premium tool | Separates interest for deducting late from interest for depositing late on every row, and adds the daily fee for a statement filed after its due date. | India | Numbers | Free preview: the due dates, months counted and days late of your first payments and statements, and the checks, with the interest, the fees and the totals hidden | Yes | Yes |
| TDS Calculator (India) Pro tool | Decides for one payment to a resident whether the yearly threshold is crossed and what to deduct, giving the section under both Acts. | India | Numbers | Free preview: the TDS to deduct in full, with the rate, the sections and why TDS applies; the net payment and every other figure are hidden | Yes | Yes |
| Bulk TDS on Vendor Invoices & Payments (short-deduction report) Premium tool | Runs a year of payments to each vendor, finds where a threshold was crossed and reports the short deduction with interest from that date. | India | Nothing — start blank | Free preview: every count, with the first payees (up to 10), their payments and their TDS; the totals hidden | Yes | Yes |
| Form 26AS TDS Reconciliation with Books (India) Premium tool | Compares Form 26AS with your sales ledger by customer and quarter, and drafts the request to each one that has not deposited your TDS. | India | Text | Free preview: the counts of matched, short and missing deductors and the first rows of each table (up to 10), with the totals and the other amounts hidden | Yes | Yes |
| E-commerce TCS & TDS Credit Reconciliation for Indian Sellers Premium tool | Matches the tax a marketplace collected or deducted from your payouts with the credit that your GST and income-tax records actually show. | India | Text | Free preview: the counts of matched and differing credits, with the first rows of each table (up to 10; a single row with its results hidden) and amounts beyond them hidden | Yes | Yes |
| TDS on Property Bought from an NRI (India): Calculator and Steps Premium tool | Works out the TDS a buyer withholds from each payment to an NRI seller, with surcharge, cess, the deposit deadline and the form to use. | India | Numbers | Free preview: whether the gain is long or short term, the rules that apply and your first payment with its deposit date and form, with the rate and every amount hidden | Yes | Yes |
Worked example: interest and a late fee on one quarter’s TDS
A firm deducted three amounts of TDS in the first quarter: ₹40,000 on a contractor’s bill, deducted later than it should have been and deposited two days after its due date; ₹25,000 on professional fees, on time; and ₹18,000 on office rent, not yet due. Its statement went in 20 days after the due date.
Deducting late: from the month the contractor’s bill was credited to the month the tax was deducted is 2 months or part months, so 2 × 1 % of ₹40,000 = ₹800.
Depositing late: from the month it was deducted to the month it was deposited is again 2 months or part months, so 2 × 1.5 % = ₹1,200.
The interest on that row is ₹2,000; the professional fees and the rent carry none.
The statement reports ₹83,000 of TDS and was 20 days late, so the fee is 20 × ₹200 = ₹4,000, below its cap of the tax itself.
Questions
Is interest on late TDS counted from the due date of deposit?
No. Interest for depositing late runs at 1.5 % for each month or part month from the day the tax was deducted, so even a deposit two days late can cost two months of interest.
Can these tools file a correction statement?
No. The return file generator and the validator handle regular statements only: a correction statement uses other record layouts, which neither of them writes or checks.
Why is a customer’s TDS missing from my Form 26AS?
Usually the customer has not filed the statement for that quarter, quoted a wrong PAN or reported less. The reconciliation lists each customer and quarter that is short, with what to ask them for.
For general information only; check the official source before you file, sign or apply.
Start with these
- TDS Return File Generator (Form 140, 26Q, 24Q, 27Q) Free preview: the checks, totals and late fee of the whole statement, with the first rows of the interest and section tables (up to 10); the .txt file is never shown
- TDS Return File Validator (FVU Pre-check) Find what the FVU will reject — line, field and the fix — before you run it.
- TDS Interest and Late Fee Calculator (India) Deducted late, paid late or filed late? See the interest and the fee, row by row.
More tools here
- TDS Calculator (India) Does TDS apply, at what rate, and how much — under the new Income-tax Act and the old one.
- E-commerce TCS & TDS Credit Reconciliation for Indian Sellers The TCS and TDS your marketplaces held back, checked against the GST portal and Form 26AS.
- Form 26AS TDS Reconciliation with Books (India) Which customers have not given you TDS credit — and what to ask them for.
- Bulk TDS on Vendor Invoices & Payments (short-deduction report) A year of vendor payments in, the TDS that was due — and what was missed — out.
- TDS on Property Bought from an NRI (India): Calculator and Steps Buying from an NRI? The TDS on each payment, the deadlines and the forms, step by step.
- TCS on Foreign Remittance Calculator (India) How much TCS your bank or tour operator collects, and how you get it back.
- Salary TDS Computation & 24Q Annexure II (Bulk) Every employee’s salary TDS in one go, and the year-end annexure from the same figures.
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Good to know
- All 10 tools run in your browser: what you open or paste is not uploaded.
- All of them keep working without a connection once loaded.
- Results are estimates for planning and learning, not tax advice. Check the method and assumptions on each tool’s page.
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