TDS Late Deposit Interest Calculator
About this calculator
Calculate interest on late deduction and late payment of TDS, including TDS on property in simple steps with our easy to use calculator.
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How to use TaxAdda TDS late deposit interest Calculator ?
- Step 1:Enter TDS amount
- Step 2:Select if the TDS is on the purchase of immovable property
- Step 3:Enter the due date for deduction of TDS
- Step 4:Enter actual date of deduction of TDS
- Step 5:Enter the actual or expected date of depositing the TDS
Once you enter all these inputs our calculator will display the results separately for interest on late deduction & interest on late payment of TDS.
How is Interest on TDS calculated?
- Late deduction of TDS: Interest is calculated @ 1% per month for late deduction of TDS from the due date of deduction to the actual date of deduction The delay is calculated in no. months considering part of the month as full month.
- Late Payment of TDS: Interest is calculated @1.5% per month for late deposit of TDS from the actual date of deduction to the actual date of deposit. The delay is calculated in no. months considering part of the month as full month.