How to calculate short payment on tds
Interest calculation on tds late payment
Page no : 3
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
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)
(458 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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