TDS – Late Payment Interest Calculator

This calculator covers the followings:-

1. This Calculator Covers the Following:
2. 1. TDS Payment Due Date
3. TDS (Tax Deducted at Source) must be paid by the 7th day of the following month. However, for the month of March, the deadline for depositing TDS is extended to 30th April. In the case of TDS on the sale of immovable property under Section 194IA, the due date is 30 days from the end of the month in which the deduction is made, including March. To get more details on TDS payment deadlines and interest on late payments, you can check the relevant article for a deeper understanding.
4. 2. Interest on Late TDS Payment
5. Interest is charged on late payments under two scenarios:
6. When TDS is not deducted:
   • An interest of 1% per month (or part of the month) is applied for the period starting from the date when TDS was required to be deducted up to the date when it is actually deducted.
7. When TDS is deducted but not paid:
   • The interest rate increases to 1.5% per month (or part of the month) from the date when TDS was deducted to the date it is finally paid.