Interest on TDS Late Payment Calculator

Interest on TDS Late Payment /Late Deduction Calculator interest for late deduction 1% pa & late payment 1.5% pa

Interest on TDS Late Payment / TDS Late Deduction

There are two types of TDS interest provisions:
TDS interest for late deduction: The interest rate for late TDS deduction is 1% per month. This interest rate will be charged from the moment the tax became deductible until the date of deduction. The default of TDS interest for late deduction is outlined under Section 201A of the Income Tax Act. TDS return filing is only possible after paying this interest.

TDS interest for late payment: Section 201(1A)provides for monthly interest payment of 1.5% on late TDS deposits after deduction. This interest is calculated on a monthly basis rather than on a daily basis. This is why even a portion of a month is seen as a complete month. Here the interest is calculated from the date the TDS becomes payable, i.e. from the date the TDS was deducted.

Enter Amount of Tax Deducted :
Select Type Of Interest Calculation :	-------Please Select Type of Interest Calculation------- Interest On Late Deduction Interest On Late Payment Interest On Late Filing
Date of Amount Payment :
Date of Tax Deduction :
Select Quarter of Return Filing :	-------Please Select Type of Interest Calculation------- 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Enter Date of Tax Deduction :

Download Offline TDS Interest Excel Utility : This Utility will calculate the Interest on TDS Late Deposit, Interest on TDS Late Deduction and on TDS late Return Filing

[TDS Interest Calculator ##download##]

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