Interest calculation on tds late payment

Page no : 3

narrameena (ca) (21 Points)
Replied 30 January 2014

How to calculate short payment on tds

Ajith Kumar K B (Accounts Officer) (22 Points)
Replied 13 February 2014

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

CA SUKSHAM ARORA (CA) (569 Points)
Replied 13 February 2014

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

CA SUKSHAM ARORA (CA) (569 Points)
Replied 13 February 2014

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

CA SUKSHAM ARORA (CA) (569 Points)
Replied 13 February 2014

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

Ganesh Kadam (Student CMA) (22 Points)
Replied 05 June 2014

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

kirti b uvasda (accountant) (21 Points)
Replied 31 January 2015

tds intrest claculation sheet

deepak tewani (CA Practice ) (21 Points)
Replied 05 June 2015

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

VENKATA CHARY (MBA) (21 Points)
Replied 02 July 2015

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

N G SOORAJ (Tax Practitioner) (34 Points)
Replied 04 January 2016

Sir,

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

sardar amandeep singh (Student CA IPC / IPCC) (34 Points)
Replied 20 January 2016

is the interest amount rounded off or the actual amount paid

Dipen (article) (414 Points)
Replied 27 July 2016

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

Bhargav Butani (2 Points)
Replied 01 February 2017

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.

Sumit (accountant excetive) (26 Points)
Replied 10 March 2017

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.

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Accounting

CA Rahul Malkan