TDS interest calculator
Interest under section 201(1A) for deducting tax late, or for deducting it on time and paying it late.
What happened
One and a half per cent per month, from deduction until the amount reaches the government.
Any part of a month counts as a full month — that is the statutory rule, not a rounding convenience.
TDS amount₹50,000.00
Interest at 1.5% for 3 months₹2,250.00
Total payable₹52,250.00
Interest is only one part of a default. Late filing of the return itself carries a separate fee under section 234E, which is not calculated here. Speak to your accountant.
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