TDS is the abbreviation for tax deducted at source. The concept of TDS aims at collecting tax from each and every source of income. According to Income Tax Act, any person or company that is making a payment is suppose to deduct the tax at the source in case the payment is beyond a certain pre-defined threshold limit. The deduction of TDS is as per the rates that have been prescribed by the tax department. There are various TDS automatic interest calculation online for late payment or non payment and otherwise that can be used for the purpose.
To make this calculation easier, you can download TDS automatic interest calculation in excel format. Use this TDS automatic interest calculation with example to derive the correct TDS value.
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