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.
Updated with Budget 2026 - TCS rates reduced for foreign remittances
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 (FY 2026-27)
| Section | Nature of Payment | Rate (with PAN) | Rate (without PAN) | Threshold |
|---|
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.