Fixed deposit interest calculation
This query is : Resolved
24 November 2011
Sir,
Suppose I made FD on 02/oct/2011 for Rs.20000/- for 1 year @ 9.25% compunding quartely.
how to calculate interest on such FD on 31/03/2012 to check whether TDS is applicable or not
Pls give me formula and working caluclation its very urgent
Suppose I made FD on 02/oct/2011 for Rs.20000/- for 1 year @ 9.25% compunding quartely.
how to calculate interest on such FD on 31/03/2012 to check whether TDS is applicable or not
Pls give me formula and working caluclation its very urgent
24 November 2011
For Quarter 02/10/11 to 31/12/11
20000 X 9.25% X 91/365 = 461.23
For Quarter 01/01/12 to 31/03/12
20461.23 X 9.25% X 91/365 = 471.87
TDS will not apply
20000 X 9.25% X 91/365 = 461.23
For Quarter 01/01/12 to 31/03/12
20461.23 X 9.25% X 91/365 = 471.87
TDS will not apply
24 November 2011
I hope its clear now.
29 November 2011
In my above calculation .....the rate is 9.25% p.a
29 November 2011
In my above calculation .....the rate is 9.25% p.a
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Relief u/s Section 89
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
