What is TDS Calculator?
TDS calculator is a simple utility software that lets you know about the amount of TDS needs to be deducted. This calculator helps users to clear their confusion about the basic rules of TDS. Moreover, Users can get the details of the right calculation and deduction TDs amount. We have seen that oftenly people get perplexed about their TDS deduction and are having doubts but you don't need to worry now. We have introduced Myitronline TDS calculator with a simple, clean, and easy interface. You Can calculate your TDS in seconds with the help of Myitronline TDs calculator from anywhere.
How does TDS calculator work?
TDS calculator guides you about the amount which is subjected to be deducted from your specific transactions. On the basis of the nature of transaction and recipient, TDS amount is calculated on certain basic details. There are several steps to calculate TDS amount which are given below- Firstly, You need to choose the type of recipient. If it is an individual, HUF or sole proprietor or any other company. You need to select one of these and fill out the selected option. In the next bar, You have to select the option between yes or no. Choose option yes only in case, If you already have the PAN of the person whose TDS is to be deducted. Fill out the amount to payment of the recipient and select at the last nature of transactions. That’s all you have to do and now your required amount of TDS to be deducted is available to you.
What are the benefits of a TDS calculator?
TDS calculator gives its users an accurate insight to calculate the liable TDS amount to be deducted. It makes them aware of the basic rules and principles, applied on specific transactions. Users of TDS calculator can probe if the TDS deduction done is accurate or not. TDS calculator works on your one click and it saves your precious time, energy and makes the whole process easy and reliable.