TDS on Property Purchase Calculator
Find out the TDS a buyer must deduct and deposit when purchasing a property, for both resident and NRI sellers.
Purchase details
TDS to deduct
₹75,000
At 1% of value
- Property value
- ₹75,00,000
- TDS @ 1%
- ₹75,000
- Net paid to seller
- ₹74,25,000
For a resident seller, the buyer deducts 1% TDS only when the sale value is ₹50 lakh or more (Section 194-IA), deposited via Form 26QB. For an NRI seller (Section 195), TDS applies whatever the value: for transfers on or after 23 July 2024, long-term gains on property are taxed at 12.5% without indexation, so TDS is typically 12.5% plus applicable surcharge and cess; short-term gains are taxed at slab rates (TDS ~30% plus surcharge and cess). The rate here is editable and indicative — a lower-deduction certificate can reduce it.
Frequently Asked Questions
When do I need to deduct TDS on a property purchase?
Under Section 194-IA, a buyer must deduct 1% TDS when buying immovable property (other than agricultural land) from a resident seller for ₹50 lakh or more, and deposit it with the government using Form 26QB.
What TDS applies if the seller is an NRI?
For an NRI seller, TDS is deducted under Section 195 and the buyer needs a TAN. For transfers on or after 23 July 2024, long-term capital gains on property are taxed at 12.5% without indexation, so TDS is typically 12.5% plus applicable surcharge and cess; short-term gains are taxed at slab rates (TDS around 30% plus surcharge and cess). The rate in the calculator is editable and indicative.
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They use standard, widely-accepted formulas to give a close estimate. For exact figures (loan eligibility, EMI, stamp duty, tax), always confirm with your bank, lender or a qualified financial advisor.
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