Interest for late deposit of TDS is applicable @ the rate of 5% per month. It is applicable from the date on which tax was deducted to the date of actual payment of TDS. Difference Between 2 dates The calculation of interest is on PER MONTH basis NOT on number of DAYS basis i.e. PA...
Sukanya Samriddhi Yojana is a government-backed girl child scheme that has a tenure of 21 years. It can be opened by the parents or legal guardians of the girl child. Currently, the scheme offers an interest rate of 8.2% compounded annually. Know more about the sukanya samriddhi yojana acc...
TDS (Tax Deducted at Source) will not be applied to your FD interest income as long as the interest earned is Rs. 40,000 or less in a financial year. However, if your interest earnings exceed Rs. 40,000, TDS will be deducted at the current rate of 10% on the entire interest amount...
Moreover, if the interest income exceeds INR 40,000 the bank has to deduct a TDS of 10% while the threshold limit for senior citizens is INR 50,000. Furthermore, if the investor furnishes the PAN card details, the TDS of 10% is applicable or else, a 20% TDS rate is deducted by ...
Applicants with a high credit score get the best offers on their personal loans in terms of the rate of interest charged, processing fee on the loan, etc. Therefore, you should always keep a check on your credit score before applying for a loan. If your CIBIL score is less than 750, ...
Method 1: Use Excel FV Function to Create CD Interest Calculator Create a dataset including investment amount, rate of interest, term in year, ... Overdraft InterestCalculator in Excel (with Example) Jun 14, 2024 What Is Overdraft Interest? You can calculate the overdraft interest using the fo...
Current Interest Rate Comparison (April 2024) 📊 Which is Better – NRE or FCNR Deposits? The answer depends on your currency risk appetite and expectedreturn to Indiatimeline. I initially made the mistake of looking only atinterest rateswithout considering currency fluctuation risks. ...
ICICI Bank Savings Account Interest Rate Posted on 4 Dec, 2024 Last updated December 4, 2024 Sannihitha Ponaka Sannihitha Ponaka is an MBA graduate from Symbiosis and has more than 5 years of experience in the financial sector. Following her dreams in the field of finance, she leverag...
*Mean Rate of Interest is calculated as weighted average of Rate of Interest Annual Percentage Rate (APR) Product Category under Gold Loan APR Agri 11.82% Non Agri 12.48% This APR has been calculated for 12-month loan with principal amount of Rs.1 Lac, processing fee & other charges ...
The amount of TDS using the SUM function. The total of all the individuals. Method 6 – Enter the Required Information Consider the interest rate and the number of months. In addition to the Month of Deduction, we will also give the Due Date for TDS Payment. Method 7 – Condensation of...