Interest Calculation - If challan paid via book-entry

TDS Payment Due Date - If paid via book-entry- the same day on which TDS is deducted,

When a part or whole amount of TDS is not paid then 1.5% per month interest is subject to TDS/TCS amount when the Interest period starts from the deduction date and lasts till the actual date of payment.

If the payable TDS amount from your side is INR 12900 on 25/03/2021 then in this case your due date is 25/03/2021, but you pay the amount on 31 March, then the total interest calculation sums up to INR 12900 X 1 Month X 1.5 = INR 194.

Hope this Helps

# Related Articles

## How to calculate and allocate Interest

How to calculate and allocate intrest Interest on late deduction and late deposit of TDS/TCS is applicable at the rate of 1% and 1.5 % per month respectively. Here, 1% rate is applicable from the date on which tax was deductible to the date of actual ...## TDS & TCS Payment Deposit Due Dates for Govt & Non Government Deductor

TDS & TCS Payment Deposit Due Dates for Govt & Non Government Deductor The due date for depositing TCS is the 7th of next month Due dates for depositing TDS as under :- 1. For non - government Deductors - 7th of next month (except for the month of ...## 3CD annexure export Process - "Interest details paid u/s 201 (1A)/206C(7)"

3CD annexure export Process - "Interest details paid u/s 201 (1A)/206C(7)" This process helps the user to export/ import the 3CD details entered for a particular PAN in TDS Software to the Income Tax Software using an excel template format easily. ...## TDS - Interest Calculation

How to calculate interest on late deduction and deposit in e-TDS Software Interest on late deduction and late deposit of TDS/TCS is applicable at the rate of 1% and 1.5 % per month respectively. Here, 1% rate is applicable from the date on which tax ...## TDS validation error regarding challan entry

TDS validation error regarding challan entry - "Date prior to immediate previous financial Year is not allow" Solution As per NSDL guideline single challan can be utilized across all forms (i.e. Form 24Q,26Q,27Q & 27EQ). Challan date can be any ...