TDS Interest Calculator (India)

Your details

Late deduction: TDS was deducted after the required date. Late payment: TDS was deducted on time but deposited late. Late filing: The quarterly TDS return (Form 24Q/26Q) was filed after the due date.
The amount of TDS that was deducted (or should have been deducted). This is the base for the interest calculation.
Rs.
The date you deducted TDS. The deposit due date is 7th of the following month (30 April for March deductions).
The date you actually challan-deposited the TDS to the government treasury.
Currency
Interest / Fee PayableLow penalty
3,750Rs.

Total interest or late-filing fee payable under the Income Tax Act

Months of delay (interest)5months
Rate applied1.5% per month (s.201(1A) - late payment)
TDS + Interest/Fee53,750Rs.
Due date7 May 2024
TDS Amount (base)50,000Rs.

Interest / fee for late payment of TDS: Rs.3,750

  • The interest or fee of Rs.3,750 represents 7.5% of the original TDS amount of Rs.50,000.
  • At 1.5% per month (partial months rounded up), even a short delay can be costly. For example, paying 31 days after deduction is treated as two full months.
  • The due date for deposit is the 7th of the following month (30 April for deductions made in March). Interest stops on the date the TDS is actually deposited.
  • Total outflow (TDS + interest/fee) is Rs.53,750. Paying promptly on all future transactions avoids this additional cost.

Next stepUse this figure when filling out challan ITNS 281 for TDS interest deposits, or when preparing responses to a TDS demand notice from the Income Tax Department.

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