banner_ad

Interest calculation on tds late payment

Others 159748 views 43 replies

How to calculate short payment on tds

 

Sir,

A proprietor leased a building on October 2013, and paying rent from 5th November 2013. I applied for TAN on January 2014 got confirmation mail from NSDL site on 14th January 2014. On February 2014 i paid TDS from november onwards (October + November + December + January). I wish to know is interest is applicable and please explain the calculation process.

Regards

Ajith

1.5% * 2 MONTHS = 3% (1.5% FOR THE MONTH OR THE PART OF THE MONTH INCLUDING THE MONTH OF DEDUCTION)

1.5% * 2 MONTHS = 3% (1.5% FOR THE MONTH OR THE PART OF THE MONTH INCLUDING THE MONTH OF DEDUCTION)

1.5% * 2 MONTHS = 3% (1.5% FOR THE MONTH OR THE PART OF THE MONTH INCLUDING THE MONTH OF DEDUCTION)

I want to know that If i deducted TDS on 30/03/2014 & deposited it on 08/04/2014. What is the calculation of interest for this on monthly basis
 

tds intrest claculation sheet

dear sir what is the defination of month whether Lunar month or calander month

Dear Sir's

If the TDS duducted on 01.07.2013 on salary, instead of 01.05.2013, how many months should pay interest on that, is there any option to deduct total TDS in June, 2013 

Sir,

Please clarify if any minimum bill amount limit is there to dedicted in tds.

 

is the interest amount rounded off or the actual amount paid

Yes...Even i think there will never be case of interest payment of 1 month..

Your calculater of late payment interest on TDS is workingly wrong please check it with as per Compliance aspect as per law.

Eg date of deduction of TDS 31/12/2015

Date of payment of TDS 15/01/2016

Delay month would be 2 month as per law 

check in yopur calc it was shown only 1 month.

in your calc if i m entering the date between 15 to 30 it will not be considered.

Hello Everybody

Let me know ,how to calculate tds interest on salary and rent

can you please explain me ?

if you have any software related to this work (interest calculation software), so please send me link.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details