calculate_tds
Calculate TDS for FY2025-26 on payments such as contractor fees, professional services, interest, rent, commissions, or goods purchases. Specify section, payment amount, and PAN availability to determine withholding tax.
Instructions
Calculate TDS for a given section and payment amount (FY2025-26).
Use when computing withholding tax on contractor payments, professional fees, interest, rent, commissions, or purchase of goods.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| section | Yes | TDS section key, e.g. '194C_individual', '194J_professional' | |
| payment_amount | Yes | Gross payment amount in rupees | |
| pan_available | Yes | Whether payee has provided PAN | |
| is_senior_citizen | No | For 194A bank interest — applies higher threshold for seniors |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
No arguments | |||