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Home > TDS > TDS Late Fee & Interest Calculator Last Updated: Jan 31st 2024

TDS Late Fee & Interest Calculator

Late fees are penalties for failing to file TDS/TCS returns on time. The late fee is calculated daily from the due date of Return to the date of filing. Whereas Interest is levied for Non payment of TDS within due date


TDS late fees and delay interest calculator aid in estimating the same and determining. To learn more, begin using and familiarize yourself with frequently asked questions.

Compound Interest Calculator



   Estimate TDS Late Fee & Interest

Deduction Type

TDS is tax deducted at the source by individuals or companies making payments over a threshold. TDS is deducted from the payment.Sellers collect TCS from buyers at the time of sale. TCS is collected from the buyer in addition to the sale amount.
Select a Form
Form 24Q Statement - for tax deducted at source from salaries.Form 26Q Statement - for tax deducted at source on all payments except salaries.Form 26QB Statement - for reporting the transactions liable to TDS on Sale of an Immovable Property u/s 194-IA.Form 26QC Statement - for reporting the transactions liable to TDS on Rent u/s 194-IB.Form 27Q Statement - for deduction of tax from interest, dividend,Rental, Capital Gains or any other sum payable to non-residents.Form 27EQ Statement - for the Collection of tax at source (TCS).
Financial Year
Select a Quarter for which filing to be done?
Select a Month for which filing to be done
Actual date of deduction of tax
Due Date of Return
Adjust the due date as per Income Tax notification. Refer Latest TDS Tax Calendar
Expected Date of TDS Return Filing
{{dedType}} return filing date is before {{dedType}} return due date. Hence no late fee and no interest to be paid.
Do you want to calculate the interest?



TDS Deducted Amount

Month
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TDS Amount
TDS Paid on
TDS deducted & paid in-time?
Months of Delay {{m1NoDelayedMths}} {{m2NoDelayedMths}} {{m3NoDelayedMths}}
Interest to Pay {{m1LateInt.toFixed(2).toLocaleString("en-IN") }} {{m2LateInt.toFixed(2).toLocaleString("en-IN") }} {{m3LateInt.toFixed(2).toLocaleString("en-IN") }}
Late Fee
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Delay Days
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Rationalised Late Fee
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Total Interest to be Paid
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Frequently asked Questions

1. What is the difference between TDS and TCS?

TDS: Tax Deducted at the Source by individuals or companies making payments over a threshold. TDS is deducted from the payment.

TCS: Tax Collected at the Source; Sellers collect TCS from buyers at the time of sale. TCS is collected from the buyer in addition to the sale amount.

2. What is TDS Late Fee?

TDS Late fee is the penalty for delayed filing of TDS returns. Late Filing fees are covered by section 234E of Income Tax Act 1961.

3. How much is the TDS Late fee ?

The persons who have not filed TDS/TCS returns are required to pay Rs 200 per day as late fees. However the maximum late fee is restricted to total TDS/TCS amount

4. What is the interest on TDS?

Interest on TDS will be levied if the TDS payment is not deducted or paid within due date. Generally TDS Payments are monthly.Interest will be calculated in the following 2 scenarios

  1. TDS required to be deducted but not deducted
  2. TDS deducted but not paid to Government
5. How will the interest under TDS be calculated?

The interest on TDS will be calculated as follows

  1. TDS required to be deducted but not deducted: Interest @ 1% for every month or part of month will be calculated from the date on which TDS is required to be deducted to date of deduction
  2. TDS deducted but not paid to Government: Interest @ 1.5% per month will be calculated from the date of deduction to the date of payment.
6. Can the late fee u/s 234E be waived?

No, the late fee u/s 234E is a statutory provision and it cannot be waived off.

7. What's the difference between the TDS and TCS late fee calculation?

The biggest difference between the TDS and TCS late fee and interest calculation is how they figure out the interest amount. This is because the due dates for TDS and TCS are different. Usually, the 31st and 15th of the following dates respectively.

8. What is the purpose of TDS, TCS under Income Tax Act?

Although adhering to the deduction and preparing to submit the TDS, TCS can be a laborious process, their underlying purpose as stipulated in the Income Tax Act is to deter tax evasion by income recipients or purchasers of specific goods.


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