Tax Tuners-TDS Calculator 2017

Tax Tuners is a unique mobile app which can save your time and efforts in calculating the TDS as per Income-tax Act or as per the Double Taxation Avoidance Agreements (Treaties). It would also help you to determine your residential status in India.
With the app you get:
- TDS Calculator: A variety of situations have been covered to compute the TDS from sum payable to a resident or non-resident. Just enter the details about the nature of payment, who is a payee, etc., to know the accurate amount of TDS.

- Comparison: TDS is computed as per Income-tax Act and as per the Treaty. Both the rates are compared on the same page so that most beneficial provision for the payee can be determined.

- All situations covered: If the tax is deductible at concessional rate in case of a prescribed payee, the application helps you to compute the TDS in case sum is payable to a payee other than the prescribed one.

- Summary: All relevant provisions of the Act and relevant articles of treaties have been summarized so that you can read the relevant statute on the result page itself.

- Residential Status Calculator: This calculator can be used to determine the residential status in India in case you are traveling to India or out of India.

- Travelling Schedule: Just enter your period of stay in India to determine the residential status. If you are not sure about the period of stay in India, you may enter your traveling schedule (dates of departure from India and date of arrival in India). The application will automatically compute your period of stay in India on basis of these dates.

- Tutorials: If you are not familiar with the tax jargons and tax concepts, the tutorials will help you to understand these concepts of taxation in a lucid way.

- Pause your calculations: It remembers your selection so that you can take a break in case of need. If you quit the app and it would still be where you left off.

The application will cater to most of your needs and ensure that your books of account are tax compliant. You can avoid the situation of disallowance of expenditure under Section 40(a)(i) and 40(a)(ia). Further, you can escape the consequences which may be invoked by the IT Department if you are deemed to be in default due to failure to deduct the right amount of tax from the sum paid to a resident or non-resident.

Happy Tax Tuning!