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TDS on property purchase calculator (Section 194-IA)

Under Section 194-IA of the Income Tax Act, the buyer deducts TDS at 1% when the consideration for the property is ₹50 lakh or more.

The sale

Sale consideration₹75 lakh

₹

Stamp duty value₹70 lakh

₹

The value the stamp duty authority uses (circle rate value).

This buyer's share

For joint buyers, each deducts TDS on their share of the payment.

Result

TDS to deduct at 1%Worked out on ₹75,00,000

Is it over ₹50 lakh?Yes, TDS applies

To the seller

Consideration ≥ ₹50 lakh?: Yes
Pay to the seller: ₹74,25,000
Deposit as TDS (Form 26QB): ₹75,000

Section 194-IA applies when the consideration for the property is ₹50 lakh or more. TDS is 1% of the higher of the consideration and the stamp duty value. The rate is 20% if the seller has no PAN. The buyer deposits it with Form 26QB. Agricultural land is excluded. An estimate, not tax advice.

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