Free tool
TDS interest and late fee calculator
Work out interest on TDS deposited late and the fee on a quarterly statement filed late — counted the way TRACES counts them.
Counted as TRACES counts it: calendar months from the day after deduction to the deposit, each part month in full. Shown to the paisa; the Department's own figure may round it.
₹200 for each day after the due date, never more than the TDS in the statement.
How the months are counted
Interest on TDS deposited late is 1.5% for every month or part of a month, from the day after the tax was deducted to the day it was deposited, in calendar months. TRACES's own example: ₹10,000 deducted on 10 June 2023 and deposited on 8 August 2023 is June, July and August — three months, ₹450. Had it been deducted on 30 June, June would not count, and it would be two.
Why counting from the anniversary is wrong
Counting a month from each date of deduction — 10 June to 10 July, and so on — gives two months for that example and understates the interest. The part month is the calendar month.
The fee for a late statement
A quarterly TDS statement filed after its due date costs ₹200 for each day of the delay, up to the amount of TDS it reports. It is separate from the interest.
What this does not cover
Interest for not deducting tax at all, penalties a tax officer may levy, and the government's own deductors are outside this. These are the law's figures, not advice; a CA should confirm anything that turns on them.
Common questions
What is the interest rate on late TDS payment?
1.5% for each month or part of a month, from the day after deduction to the date of deposit.
Is a part month counted as a full month?
Yes — by calendar month. A deposit made on any day of a month counts that month in full.
What is the late fee for filing a TDS return late?
₹200 for each day after the due date, never more than the TDS in the statement.
Does Invovibe calculate this?
Yes. The TDS register shows the estimated interest on any month still outstanding after its due date, by the same count.
Invovibe's TDS register marks each month due, deposited or overdue, and estimates the interest on anything late by the same count as this calculator.
See how TDS works in InvovibeStart free. No card required.
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