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  • Interest On Tds Calculator

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    Haresh Rajput
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    This document calculates interest on late payment of tax deducted at source (TDS). It provides an example where Rs. 40,000 was paid as rent on April 1, 2009 with TDS of 1% deducted, resulting in Rs. 400 TDS that was due by July 2, 2009 but was actually paid on August 2, 2013, resulting in 50 months of default and Rs. 300 in interest on the late TDS payment. The document uses this example to demonstrate calculation of interest on late payment of TDS using the TRACES system.

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    Interest on Tds Calculator

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    26210 59302 Interest on Tds Calculator

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    This document calculates interest on late payment of tax deducted at source (TDS). It provides an example where Rs. 40,000 was paid as rent on April 1, 2009 with TDS of 1% deducted, resulting in Rs. 400 TDS that was due by July 2, 2009 but was actually paid on August 2, 2013, resulting in 50 months of default and Rs. 300 in interest on the late TDS payment. The document uses this example to demonstrate calculation of interest on late payment of TDS using the TRACES system.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    4 views1 page

    Interest On Tds Calculator

    Uploaded by

    Haresh Rajput
    This document calculates interest on late payment of tax deducted at source (TDS). It provides an example where Rs. 40,000 was paid as rent on April 1, 2009 with TDS of 1% deducted, resulting in Rs. 400 TDS that was due by July 2, 2009 but was actually paid on August 2, 2013, resulting in 50 months of default and Rs. 300 in interest on the late TDS payment. The document uses this example to demonstrate calculation of interest on late payment of TDS using the TRACES system.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Interest on TDS Calculator

    (As per TRACES)


    From : Assessment Year - 2012-13 onwards
    1
    Nature of Payment

    Rent

    Amount Paid / Credited


    on which tax is deducted

    40,000

    Date of Payment

    Rate of TDS

    TDS Amount

    Due date of TDS amount


    remittance to Govt

    2/7/2009

    Date of Payment of TDS


    amount

    2/8/2013

    Defaults Months

    Defaults Interest Amount

    1/4/2009
    1%
    400

    50

    Vilas Chandrakant Rajapkar


    B. Com, IPCC, CA Final
    M. No. 98208 59067

    300

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