TDS calculation

karthikrao (B.com CS(inter) -ongoing) (170 Points)

02 April 2021

Sir, Suppose interest to party 75807 tds @ 10 7581 less 68226 to party X my question is how to find tds amt for 68226?

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6 Replies

prasad Nilugal (3924 Points)
Replied 02 April 2021

You question is not clear , you have already deducted TDS and balance amount is payable , then why you again want to deduct TDS please clarify .

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 02 April 2021

Tds already deducted of 7581 rupees

CA Puja Sharma (Chartered Accountant) (5010 Points)
Replied 02 April 2021

You have already mentioned the tds amount. Please elaborate your query

Kapadia Pravin (17264 Points)
Replied 02 April 2021

Total interest income will be 68226+7581

NARENDRA (ACCOUNTS MANAGER) (2181 Points)
Replied 02 April 2021

go through on a Reverse Calculation System - 6822600/90 you will get the full amount ...... .......

CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 04 April 2021

You have to calculate by using the below formula

Received Amount*100

100-TDS Rate

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