Interest calculation on tds late payment

159793 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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details