Interest calculation on tds late payment

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How to calculate short payment on tds

 

Replies (43)

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

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