TDS and TCS interest calculator, with the 234E late fee for a late return
Late deduction, late deposit and a late statement: 234E fee and 201(1A) interest the way TRACES counts months, with 271H exposure.
- YOU BRING
- Each late payment: the tax, and when it was deductible, deducted and deposited
- YOU GET
- Interest, the late fee and the penalty position line by line, and an Excel
- YOUR DATA
- Worked out in your browser from what you enter. Nothing is uploaded.
Use the tool
- Fill in the details(you are here)
- Read the result(next)
- Download or print(next)
The statement
Due date for this statement: 31/07/2026
Interest and fee
| 398 | Deducted late 1% a month or part, from when tax was deductible to when it was deducted | ₹0 |
| 398 | Deposited late 1.5% a month or part, from deduction to deposit, if deposited after the due date | ₹0 |
| 427 | Statement filed late 81 days × ₹200, capped at the tax | ₹0 |
| Total | ₹0 |
461Filed more than a month after the due date, so the waiver no longer applies: a penalty of ₹10,000 to ₹1,00,000 can be levied on top of the fee.
Deductions in this quarter
One line per payment or credit. Leave a date blank if it hasn't happened yet: interest then runs to today.
| TAX | DEDUCTIBLE ON | DEDUCTED ON | DEPOSITED ON | INTEREST | |
|---|---|---|---|---|---|
| – |
Income-tax Act 2025. Months are counted the way TRACES counts them: every calendar month from the start date to the end date, a part of a month as a whole one, so deducting on 31 May and depositing on 1 June is two months. Interest is worked out on the exact tax and shown to the nearest rupee, as TRACES charges it; Rule 119A would first round the tax down to ₹100, a point worth raising when contesting a demand. Government deductors paying by book entry, lower-deduction certificates and short deductions are not modelled. Check the TRACES justification report before paying a demand.
IN SHORT
What the TDS late fee and interest calculator does
This free calculator works out what a deductor owes for TDS or TCS done late: interest at 1% a month for deducting late, 1.5% a month for depositing late, and the ₹200-a-day fee for a late statement, capped at the tax. It counts months the way TRACES does, shows each line's working, flags penalty exposure and exports to Excel. Nothing is uploaded.
Updated
TDS late payment interest: a worked example
A Q1 statement for FY 2026-27, due 31/07/2026 and filed on 10/08/2026. Months are counted the way TRACES counts them: every calendar month touched, a part of a month as a whole one.
- Payment 1: tax
- ₹1,00,000
- Deducted, then deposited
- 10/06/2026, 08/07/2026
- Payment 2: tax
- ₹40,000
- Deductible, deducted, deposited
- 20/05/2026, 02/07/2026, 06/07/2026
- Statement filed
- 10/08/2026
- Statement due
- 31/07/2026
- Payment 1: tax deducted on 10/06/2026 had to be deposited by 07/07/2026. It was deposited on 08/07/2026, one day late. June and July are both touched, so the delay counts as 2 months at 1.5%: ₹3,000.
- Payment 2: tax was deductible on 20/05/2026 but deducted on 02/07/2026. May, June and July are touched, so 3 months at 1%: ₹1,200. It was deposited by its due date of 07/08/2026, so there is no interest for late deposit.
- The statement is 10 days late. The fee is ₹200 for each day: ₹2,000. It is not more than the tax of ₹1,40,000, so the cap does not bite.
- Penalty: Filed within a month of the due date with tax, fee and interest paid first: no penalty.
Interest for late deduction ₹1,200, interest for late deposit ₹3,000, late-filing fee ₹2,000. Total ₹6,200.
TDS interest under section 201(1A) and 234E late fee: rates and sections
The rates are the same under both Acts. Only the section numbers change from tax year 2026-27.
| CHARGE | RATE | FY 2025-26 AND EARLIER | FROM TAX YEAR 2026-27 | COUNTED |
|---|---|---|---|---|
| Tax deducted late | 1% a month | 201(1A)(i) | 398 | From the date tax was deductible to the date it was deducted |
| Tax deposited late | 1.5% a month | 201(1A)(ii) | 398 | From the date of deduction to the date of deposit, if deposited after the due date |
| Statement filed late | ₹200 a day, never more than the tax | 234E | 427 | From the day after the due date to the day of filing |
| Penalty | ₹10,000 to ₹1,00,000 | 271H | 461 | Waived if the statement is filed within one month of the due date, after paying tax, fee and interest |
234E late fee: the cap and the penalty window
The fee runs at ₹200 a day, and it can never be more than the tax in the statement. A statement for ₹1,000 of tax, filed 30 days late, owes ₹1,000, not ₹6,000.
| SITUATION | FILED ON | PENALTY POSITION |
|---|---|---|
| Within a month, tax, fee and interest paid first | 10/08/2026 | Filed within a month of the due date with tax, fee and interest paid first: no penalty. |
| Within a month, not yet paid | 10/08/2026 | Pay the tax, the fee and the interest, then file by 31/08/2026: no penalty then. |
| More than a month late | 15/09/2026 | Filed more than a month after the due date, so the waiver no longer applies: a penalty of ₹10,000 to ₹1,00,000 can be levied on top of the fee. |
TDS return due dates and the 7th-of-the-month deposit rule
Tax deducted in a month is due by the 7th of the next month: 07/06/2026 for tax deducted on 20/05/2026. Deposited on 08/06/2026, it is a day late and counts 2 months of interest. For tax deducted in March the due date is 30 April: 30/04/2026 for tax deducted on 15/03/2026.
| QUARTER | TDS, FY 2025-26 | TCS, FY 2025-26 | TDS, 2026-27 | TCS, 2026-27 |
|---|---|---|---|---|
| Q1 | 31/07/2025 | 15/07/2025 | 31/07/2026 | 31/07/2026 |
| Q2 | 31/10/2025 | 15/10/2025 | 31/10/2026 | 31/10/2026 |
| Q3 | 31/01/2026 | 15/01/2026 | 31/01/2027 | 31/01/2027 |
| Q4 | 31/05/2026 | 15/05/2026 | 31/05/2027 | 31/05/2027 |
STEP BY STEP
How it works
- Choose the financial year, quarter and whether it is a TDS or TCS statement; the due date fills itself.
- Enter the date you filed, or plan to file, the statement.
- Add one line per payment or credit with the tax, when it was deductible, when it was deducted and when it was deposited.
- Read the interest, the late fee and the penalty position, line by line, or export the working to Excel.
GOOD TO KNOW
Common questions
- How does TRACES count months?
- By calendar month, counting a part of a month as a whole one. Tax deducted on 31 May and deposited on 1 June bears two months of interest at 1.5%, not one day's.
- Is the late fee ever more than the tax?
- No. The fee is ₹200 for each day of delay, but it can never exceed the tax deductible or collectible in that statement.
- When is there no penalty for a late statement?
- When the statement is filed within one month of the due date and the tax, fee and interest are paid before filing. The window was one year until 31 March 2025. Beyond it, a penalty of ₹10,000 to ₹1,00,000 can be levied on top of the fee.
- Does it cover the Income-tax Act 2025?
- Yes, for tax year 2026-27 onwards: interest under section 398, the fee under section 427 and the penalty under section 461 at the same rates. TCS statements in Form 143 are now due on the same dates as TDS statements.