Sir, i had deducted tds .01% as per certificate for 194C & 194I(b) but same is consumed & return error
now dedcuted tds .1% for the period of Oct'23 Nov & Dec,
Pls help me its Interest rate for late deposit is 1.5%pm and calculate Interest for Oct 4 month(Oct-to Jan), Nov -3 m/o & Dec 2 month for file revised return. Thanks
Interest is calculated at the rate of 1.5% per month from the date on which TDS was deducted to the actual date of deposit. Note, that this is to be calculated on a monthly basis and not on the number of days i.e. part of a month is considered as a full month
Thanks, kindly help for tds short dedcuted in Oct'23 month now interest calculated 4 month as am filling return in Jan'24
https://officeanywhere.io/incometax/tds-interest-calculator#:
There are other calculators online.
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