💰 TDS Interest Calculator
Calculate interest on late TDS payment
As per Income Tax Act, TDS interest is 1% per month (or part of month)
How to Use This Calculator
Enter TDS Amount
Input the TDS amount that was deducted but not deposited on time.
Enter Interest Rate
Input the interest rate (default is 1% per month as per Income Tax Act).
Enter Delay Period
Input the number of days of delay in TDS payment.
Formula
TDS Interest = TDS Amount × Interest Rate × (Delay Days / 30)
As per Income Tax Act: 1% per month (or part of month) on delayed TDS payment
About TDS Interest Calculator
The TDS Interest Calculator calculates interest on late TDS (Tax Deducted at Source) payment as per the Income Tax Act in India. When TDS is deducted but not deposited to the government within the due date, interest is charged at 1% per month (or part of month) on the delayed amount.
TDS must be deposited within the due dates specified by the Income Tax Department. Late payment attracts interest under Section 201(1A) of the Income Tax Act. This calculator helps estimate the interest liability for late TDS payments, helping businesses and individuals understand their tax obligations.
When to Use This Calculator
- Tax Planning: Calculate interest on late TDS payment
- Compliance: Understand TDS interest liability
- Financial Planning: Estimate TDS interest for financial planning
Why Use Our Calculator?
- ✅ Accurate Calculations: Uses TDS interest formula as per Income Tax Act
- ✅ Easy to Use: Simple interface for quick calculations
- ✅ Free Tool: No registration required
Frequently Asked Questions
What is TDS interest?
TDS interest is charged when TDS is deducted but not deposited to the government within the due date. As per Income Tax Act, interest is charged at 1% per month (or part of month) on the delayed TDS amount.
What is the TDS interest rate?
As per Section 201(1A) of the Income Tax Act, TDS interest is charged at 1% per month (or part of month) on the delayed TDS amount. This is a simple interest calculation.