Dividend Income Tax & TDS Calculator
Enter the dividends you got from each company to see the TDS deducted, the tax at your slab rate, and what you still owe or get back. Runs in your browser; nothing is uploaded.
Understanding the calculation
- TDS
- 10% of a company's dividend once it goes above Rs 10,000 in the year, checked company by company (20% without PAN). Dividends of Rs 10,000 or less from a company have no TDS.
- Tax
- The total dividend times your slab rate, plus 4% cess. The difference from TDS is what you pay or get back.
Common questions
Is dividend income taxable?
Yes. Dividends from Indian companies are added to your income and taxed at your slab rate, and the company also deducts TDS at source in some cases. You report the dividend in your return whether or not TDS was cut.
When is TDS deducted on dividends?
Under Section 194, a company deducts 10% TDS when the dividend it pays you in a financial year goes above Rs 10,000. The limit was Rs 5,000 before FY 2025-26. It applies to each company separately, and if you have not given your PAN the rate is higher.
Is TDS the final tax?
No. It is a 10% prepayment. Your real tax is at your slab rate, so at a 30% slab you still owe the rest, and if your total tax is lower than the TDS you claim the difference as a refund.
What is Form 15G or 15H?
It is a declaration you give the company or its registrar so no TDS is deducted, because your total tax for the year will be nil. Form 15G is for individuals below 60 and Form 15H for senior citizens. Use it only if your tax really will be nil.
Is there any deduction against dividend income?
This page assumes none, so the whole dividend is taxed. Confirm with a Chartered Accountant if you have expenses you think are deductible.
Does this include mutual fund dividends?
This page applies the Section 194 rule for company dividends. Mutual fund dividends have their own TDS rule, so treat the result for them as an approximation.