Free Engineering Workbench calculator
TDS deduction and deposit timeliness
Check TDS deducted and deposited on time and the interest due on delays.
Finance & unit economicsHow it's worked out
- Interest = amount × monthly rate × months (part month rounded up)
- Rates under Income Tax Act s. 201(1A); enter current rates
NotePart of a month counts as a full month. Interest is not deductible as a business expense. Not tax advice.
Source: Income Tax Act 1961 s. 201(1A)
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