Example of TDS Calculation With Formula Example 1: TDS on Salary Suppose TDS of ₹5,000 was deducted on 15 March, but the TDS amount was deposited on 30th April. The due date of TDS payment is 7th April. The interest will be calculated as follows: Days of delay = 23 days (from 7...
For example, in this case:The government must receive TDS deducted in June by July 7th. The TDS deducted in March may be deposited up to April 30th. The payment due date of TDS is 30 days after the last day of the month in which TDS got deducted for deductions made on rent and prop...
4thJanuary to March31st May 2017 Procedure for TDS Refund The deductor can claim excess tax deducted as TDS Refund. The excess amount will stand refundable. The amount of excess payment will be considered higher of the actual amount paid by the deductor or the amount of tax deducted. If th...
Royalty for Industrial Policy (Agreements after March 31, 1961 but before April 1, 1976) 31% 195 Technical Fees for Industrial Policy (Agreements after Feb 29, 1964 but before April 1, 1976) 31% 195 Any Other Income Lower of DTAA rate or 40% 195 Income by way of lottery winnings, car...
Q9.)Can TDS be paid online? Yes, TDS can be paid online through the government’s e-payment portal. Q10.)What is the due date for filing TDS return? The due date for filing TDS return is the 31st of May for the financial year ending in March....
Such estimates represent management’s view as of August 2, 2024 and should not be assumed to be current as of any future date. TDS undertakes no duty to update such estimates, whether as a result of new information, future events, or otherwise. There can be no assurance that final ...
Your turnover for the financial year that ended March 31, 2020, exceeded Rs. 10 crore, and the value or aggregate of your purchase of goods from the seller exceeded Rs. 50 lakh in the previous year. Therefore, the TDS provisions that are mentioned in section 194Q apply to you. TDS wi...
4th Quarter1st January to 31st March31st May, 201815th June, 2018 Interest on late payment of TDS If you don’t pay TDS by the due date for every quarter, you will have to pay some interest, here is the interest list, in case of late payment of TDS: - ...
Quarter 4January to March31st May To fulfil TDS payment obligations effectively, it's important to adhere to these TDS return due date and ensure the timely filing of TDS returns. Penalty for Non-Compliance Below, we have outlines the penalties for TDS non-compliance, ...
Date First Available March 2, 2007 Warranty & Support Amazon.com Return Policy:Amazon.com Voluntary 30-Day Return Guarantee: You can return many items you have purchased within 30 days following delivery of the item to you. Our Voluntary 30-Day Return Guarantee does not affect your legal ...