Property TDS Calculator 1% of what, by when, and on which schedule of Form 141.
Buying property makes you the person who deducts the tax. Enter the deal and every payment you make to the seller. This works out the deduction on each one for your share, the date each Form 141 is due, the date the seller's Form 132 certificate is due, and what it costs if a payment has slipped past its date.
The deal
Non-resident seller
Payments to the seller
One line per payment for the whole property — the token, each instalment, the balance at registration. Add the date you deposited the TDS only if it was, or will be, later than the due date.
Your TDS on this purchase
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Payment by payment
Each month in which you deduct gets its own Form 141, due 30 days after that month ends. The Form 132 certificate is due to the seller 15 days after that.
| Paid on | Payment | Your share | TDS | Form 141 by | Form 132 by | If late |
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What to file, and how
Where buyers go wrong
Tax is deducted when you pay or credit the seller, whichever is first. The amount paid when the agreement is signed carries the 1% too, and its Form 141 is due long before registration.
The 1% is on the price or the stamp duty value, whichever is higher. The 10% tolerance used for capital gains does not apply to the deduction.
₹50 lakh is tested on the whole property, adding up every buyer and every seller. Two buyers of a ₹96 lakh flat each deduct, though each share is under ₹50 lakh.
A lender paying the seller directly is not the deductor. Take the 1% out of the part you pay yourself, and write that into the agreement.
No threshold, and a capital-gains rate on the price unless the seller has a Form 128 certificate. Deduct 1% by mistake and the shortfall is yours, with interest.
How TDS on a property purchase works
When a resident sells you immovable property other than agricultural land, and the consideration is ₹50 lakh or more, you deduct tax before paying. The rule is in section 393(1) of the Income-tax Act, 2025, the entry that was section 194-IA until March 2026. The rate is 1% of the agreed price or the stamp duty value, whichever is higher, and it is applied to each payment as it is made.
Form 141 replaced Form 26QB
From April 2026 the deduction is paid and reported through Form 141, a single challan-cum-statement filed from your own PAN on the income tax e-filing portal. Schedule B covers a purchase from a resident seller. No TAN is needed. Each co-buyer files separately for their own share, and one form can list several sellers when they are all companies or all non-companies. The tax and the form are due within 30 days from the end of the month in which you deducted.
The certificate is Form 132
After Form 141 is processed, you download the TDS certificate in Form 132 from TRACES and give it to the seller within 15 days from the Form 141 due date. Form 132 replaced Form 16B. Mistakes in a filed form are corrected through a correction statement on TRACES.
When the seller is a non-resident
Purchases from an NRI fall under section 393(2). There is no ₹50 lakh threshold, and the deduction follows the seller's capital gains tax: for a long-term gain, 12.5% plus surcharge and 4% cess, applied to the price unless the seller produces a lower deduction certificate in Form 128. From 1 October 2026, a resident individual or HUF can report this through Schedule E of Form 141 without a TAN. The full walk-through, with worked examples, is in our guide to Form 141 and TDS on property purchase.
Is TDS on property calculated on my payment or on the full price?
On each payment, as you make it. Where the stamp duty value is higher than the price, this calculator scales each payment up in the same proportion, so the deductions add up to 1% of the stamp duty value. Have a chartered accountant confirm the apportionment on a staged purchase.
Do joint buyers each file Form 141?
Yes. Each buyer is a separate deductor and files a Form 141 for their own share of each payment. The ₹50 lakh threshold, though, is tested on the whole property.
What if I forgot to deduct TDS altogether?
Interest runs at 1% for every month or part of a month until you deduct, and 1.5% a month if you then deposit late. If the seller has already filed a return including the sale and paid the tax, a chartered accountant's certificate can take you out of default, though interest runs until the date of the seller's return.