Year | Principal (A) | Interest (B) | Total Payment (A + B) |
---|
Accuracy: Calculating TDS manually can be complex and prone to errors. KreditBee’s TDS calculator ensures precise tax deductions by adhering to current tax laws, giving you peace of mind that your calculations are accurate.
Time-saving: Automate your tax calculations with KreditBee to save valuable time and effort. This is especially beneficial for businesses managing multiple employees, streamlining the process and reducing administrative burdens.
Ease of Use: KreditBee’s TDS calculator is designed with a user-friendly interface, making it accessible even if you have only a basic understanding of tax laws. Get your calculations done quickly and effortlessly.
Compliance: Stay compliant with tax regulations effortlessly. KreditBee’s TDS calculator accurately calculates the tax to be deducted, helping you avoid penalties for under-deduction or late payment.
Transparency: Gain clear insights into your tax deductions. KreditBee’s TDS calculator provides a transparent breakdown, helping you understand how much tax is being deducted and why, ensuring you are well informed about your financial obligations.
Gross Income:
This includes your basic salary, allowances, bonuses, and other income.
Exemptions:
Certain components, such as the House Rent Allowance (HRA) and Leave Travel Allowance (LTA), are partially or fully exempt from tax.
Deductions:
Contributions to the Provident Fund (PF), the National Pension Scheme (NPS), and investments under Section 80C, among other things, reduce the taxable income.
Average income tax = Income tax payable as per slab rates Total estimated income for the financial year
Let’s break down how KreditBee’s TDS calculator works:Average income tax = Income tax payable as per slab rates Total estimated income for the financial year
Given:Understand Your Income:
Know the components of your income and what exemptions or deductions apply to you.
Use a Reliable Tool:
Use KreditBee’s TDS calculator to ensure accuracy.
Stay Updated:
Tax laws can change, so stay informed about the latest rules and rates.
Loan type
Loan Type
Cities we serve
City
Loan by Amount
Loan Amount