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TDS – Late Payment Interest Calculator

TDS Amount* :
Date on which TDS is required to be deducted* :
Date on which TDS is deducted* :
Is this TDS is on purchase on Immovable property* :
  Yes     No
Actual Date of TDS Deposit* :

RESULTS
Due Date of TDS Deposit :

Interest Payable :







This calculator covers the followings:-

  1. Due Date of TDS Payment
    TDS is to be paid by 7th of the following month. For month of March the last date of deposit is 30th April. The due date for payment in case of TDS on sale of immovable property under section 194IA is 30 days from the end of the month including the month of March.
  2. Interest on Late payment
    When TDS is not deducted – 1% per month or part thereof, for the period from the date on which TDS is deductible/collectible to the date on which TDS/TCS is actually deducted/collected.
    When TDS is deducted but not paid – Interest at the rate of 1.5% per month or part thereof, for the period from the date on which TDS is actually deducted/collected to the date on which such TDS/TCS is actually paid.

47 comments

  1. Now GST is implemented. Till June, which tds diduction in the month of June, The last date of tds payment 7.7.17, but i have not paid the same.

    How much interest shuold i pay now ?

  2. I have booked a flat in March 2017 by paying 5 lakh , I paid the rest of the amount by of 8 Lakh by June and did my flat registration on 12th June. Flat Cost is 58 Lakh. I went for a bank housing loan which started on 20th June. Could you please suggest how much TDS I have to pay and if I need to pay any late fee and interest. I have not deducted the TDS from the builder while paying the money.

    • Rohit Pithisaria

      You are required to deduct TDS as and when any payment is made to the builder. Please use our calculator for checking the applicable interest and late fee or you can hire us for filing your TDS return. Please check the below link for complete details
      http://services.taxadda.com/tds-returns/

  3. Hi Sir I have already deducted TDS Rs.30000/- to be payable on 7 of july 2017 how much is the interest i should pay

    • Rohit Pithisaria

      1.5% interest per month will be charged for 2 month (June and July). So interest will be ₹900

      • i have deducted TDS on salary in Jan 17 & Feb 17 & paid to Govt in Mar 17, but interest is not paid. now i want to pay interest in July 17. please advice interest amount.

  4. Is interest payable on tds (based on the income tax rate after including salary income), when 10% tds was already used, deducted and paid by banks on FD to IT department? If yes, as TDS by banks are deducted over the period of fiscal year, how is the interest calculated under sec 234B and 234C? Is interest avoidable under any of these 2 sections?

    • Rohit Pithisaria

      Can you please ask your question again in more details. Are you asking regarding interest on late payment or deduction of TDS or interest u/s 234b and 234c.

  5. Hi,
    I have deducted Rs.15,307 TDS on rent in every month of F.Y 2016-17, but it was not paid to Govt. Now, I wanted to pay the whole TDS for the year 2016-17 at a time. So, what is the Final amount I should pay? (Including Interest and Penality charges for the total year).

    • Rohit Pithisaria

      Please use this calculator for calculating interest and penalty. You have to do monthly calculation and then sum it up to find the total penalty and interest.

  6. I had purchased a property on Construction linked plan in Feb 2014. I have to still pay couple of installments to the builder, whenever they ask for it. As I was not aware about the law to pay TDS on property more than 50 lakhs.

    Wanted to check what amount I will have to pay and will there be any interest on it? (How to calculate it)

  7. bill raised on November 2016 and i made payment of the same bill on 10 June 17 and deduct tds 1%, am I liable to pay interest, or if i tell them to revised the bill date for eg. 31 May 17 still am i liable to pay Interest on TDS,Pls guide me.

    • Rohit Pithisaria

      TDS is required to be deducted at the time of receiving bill or making payment, whichever is earlier. So in your case TDS is required to be deducted in November 2016 as the bill is received on that date. As the TDS is not deposited before the due date of deposit i.e. 7th December 2016 so you are required to pay interest for the same.

      We cannot suggest you in the other matter which you have asked.

  8. Could you kindly explain the date from which the TDS Becomes due.

    Suppose i have received a bill in the month of April but the Payment in regard to the bill is paid in June. In this case when does the TDS Becomes due??? From the date of payment or from the month in which the invoice is received ??

    • Rohit Pithisaria

      TDS is due when the invoice is received (in the above mentioned example). TDS become due when the bill is due or when the payment is made, whichever is earlier. So if you made a advance payment then TDS become due.

  9. surinder singh

    Hi, sir i have deducted tds rs 46350 out of which i have already deposited rs 15000 now i want to know how much interest i have to pay in the month of June-2017

  10. When TDS on Remuneration to Directors was less deposited for the whole year & during filing of return it comes into knowledge that more TDS shall be deducted so company deposited more TDS but it was not actually deducted from their Remuneration by the company at such case what one can do? Say Salary is 20000 TDS shall be 3000 But tds deducted & deposited 2000 ,what one can do with 1000 balance tds which has to deposited? can it be deposited without deduction ?

    • Rohit Pithisaria

      You have to consider total amount (paid + deposited) as remuneration and then the TDS liability will be computed.

  11. TDS of Rs.4000/- was deducted for (TDS April-2017). I have to deposite on -09.05.17. How much Interest will be payable

  12. TDS of Rs.7375/- was deducted for Jan’17 to March’17. I have to deposit the same on 04.05.17. How much Interest will be payable

    • Prateek Agarwal

      The month for which tds is deducted and the month in which tds is deducted in required for making interest calculation.

  13. Interest paid on 31 march 17 & TDS deducted on same day but not deposited on 30 Aril 17 then how to calculate interest

    • Prateek Agarwal

      Interest is calculated @ 1.5% for month of March, April and May i.e 4.5%. Assuming that tds is deposited in month of May.

  14. Hi,

    TDS of Jan_17 Deposited with govt on 7-MArch-2017 which was suppose to be deposited on 7-feb-2017 ,that means interest shall be calculate only for one month . But when I enter amount in above calculator it calculates interest for 3 months. i.e for TDS of 6500 Interest shall be 6500*1.5%*1=98 but above calculator shows 292 please clarify.

    • Prateek Agarwal

      Calculation is somewhat tricky in respect to interest on late payment of TDS.
      Calendar month is to be considered and even the month in which tds is deducted is to added. So 3 month’s interest is payable by you.

    • Syed Mustak Ahammed

      Hello. Interest is to be calculated from the date of deduction if the same was not deposited with in due date i.e,7th February in your case.so interest is to be calculated from Jan 17

  15. Hi, suppose that we receive each month april to march rent bill of 20000 we dont deduct tds but in last month what we have to do?

    • Prateek Agarwal

      You have to deduct TDS in last month itself for the whole year and pay interest on the amount not deducted for previous month.

  16. i want to clarify that if we deposited tds after delay of 43 days then interest will be charged for 43 days only or two months .

    • Prateek Agarwal

      Calendar months is considered for interest calculation. So if the delay is from 7th Jan to 28th Feb (43 days) then the interest is payable for 2 months. Similarly if the delay is of 45 days and from 7th Jan to 2nd March then interest payable for 3 months.

  17. hi Prateek,

    We purchased a property in August 2013. TDS amounting to 84,000 was deducted on 1st Aug 2013 however it was not paid since we did not have clarifications on how it has to be paid.

    I want to pay the amount now. Please can you help me understand how much is the amount?

    Thanks,
    Sushma.

    • Prateek Agarwal

      Interest is payable from August 2013 to Feb 2017 i.e 43 months @ 1% per month. Total amount payable by you is 84,000 and interest of rs. 36,120 (84,000 x 43%). Since the payment is delayed by more than 1 year, a penalty of rs. 10,000 can be levied by the Assessing officer.

  18. Suppose First Invoice is raised for 35000 and the second invoice raised for 15000 only..now in this case should I deduct TDS on both the payments or only on first 35000??

    • Prateek Agarwal

      If the amount paid exceeds the threshold limits than TDS should be deducted on total amount. In your case the TDS should be deducted on total of Rs. 50,000.

  19. IN PROFESSIONAL SERVICE RENDERED IN THE MONTH OF JAN-17 BUT TDS PAID IN THE MONTH OF MAR-17 SO HOW MANY MONTHS CALCULATED FOR THE INTEREST CALCULATION.

    • Prateek Agarwal

      Three months (Jan to March)

      • suppose TDS was deducted on on Professional fees,Salary,rent rendered in Jan ,TDS on which payable by 07-Feb-2017 but paid on 07-Mar-2017. How many months shall be calculated for Interest Calculation

  20. Hi,

    Is there additional late payment fees apart from the Interest? In my case i had paid VAT charges to the builder but have not deducted TDS for the same. TDS was supposed to be deducted on 7th Jan but I have paid full amount without to builder without deducting the same.

    What do i need to do now? Thanks for the interest calculator.

    • Prateek Agarwal

      No, there is not any late payment fees if the late period is less than one year. Last date of filing is 2nd of march in your case, try to recover the amount from builder.

  21. I want clarification tds … The TDS invoice raised in April 29th 2016 For rs, 300000 the amount was deducted but not remittance till.how much interest i want to pay including intetrest

    • Prateek Agarwal

      Interest will be paid from the month of April to month of February i.e for 11 months at the rate of 1.5% per month. It comes to 16.5 percent of the tds amount.

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