Interest on late payment of TDS Calculator in Excel

In case the assesse deposits the TDS Payment after the due date of payment of the Tax deducted at source, he shall be liable to pay interest @1.5% for every month or every part of the month during which the amount is not deposited with the Govt. Earlier, the Interest liable to be paid was 1% but this has been increased to 1.5% pm with a view to discourage the practice of delaying the deposit of tax after deduction Know more about TDS payment due dates and Interest on late payment check this article. Interest on Late payment When TDS is not deducted - 1% per month or part thereof, for the period from the date on which TDS is deductible/collectible to the date on which TDS/TCS is actually deducted/collected TDS Late Deduction and Late Payment Interest Calculator in Excel Format. TDS Late Deduction and Late Payment Interest Calculator in Excel Format. CCI Menu. CCI Online Learning; Enrolled Courses; Webinar; TDS - Late Deduction and Late Payment Interest Calculator in Excel Format #xlsx Submitted By: venkat. on 28 September 2017. Other files by. TDS - Late Payment Interest Calculator. TDS Amount : Date on which TDS is required to be deducted : Date on which TDS is deducted : The mission of the firm, Xperts Tax is to excel services in the fields of Financial Consultancy, Accounting, Auditing, Project Consultancy, MIS, Taxation, Corporate, Industrial and Allied Laws, Management.

The period of 26 th June to 30 th June will be calculated as one month (being part of a month) & from 1 st July to 9th July will also be treated as one month. As such in this case, the interest payable is for two months. Total interest would be 3%. Sounds odd, but it is true - for a delay of 3 days, one has to pay interest for two months Calculate TDS and interest on TDS for late payment and or non payment of TDS. Calculate TDS and interest on TDS for late payment and or non payment of TDS. CCI Menu. How to Calculate TDS in Excel FY 2021-22 |TDS Calculator On : 30 April 2021 Download. GST Tax Invoice Excel Forma how to calculate compound interest on overdue invoices in excel. late payment interest calculator excel.#Latepayment #Interest

tds late payment interest calculation excel, Income Tax, Goods and services Tax, GST, Service Tax, Central Excise, Custom, Wealth Tax, Foreign Exchange Management, FEMA, Delhi Value Added Tax, DVAT, SEZ, Special Economic Zone, LLP, Limited Liability partnership Firm, Trust, Society, Company Laws, DTAA, Notifications, Circulars, Case Laws. TDS Late Payment Interest Calculator Any person who is required to deduct tax at source and has failed to do so or after deducting the same has failed to pay the TDS to the govt. account within the due date of payment is liable to pay interest on the TDS. The Interest is calculated as under : (a) On failure to deduct the tax at sourc This is the TDS interest calculator which will help you in calculating interest on late deduction, late payment and late filing The period of 26th June to 30th June will be calculated as one month (being part of a month) & from 1st July to 9th July will also be treated as one month. As such in this case, the interest payable is for two months. Total interest would be 3%. Sounds odd, but it is true - for a delay of 2 days, one has to pay interest for two months Please find attachment of Excel Sheet for calculate of Interest on late deposit TDS late-payment-penalty excel-sheet-calculator income-tax section-234c section-234b section-234a asked Feb 23 '12 at 17:56 by Rajesh Kachwaya 16 1 2

TDS Interest & Penalty Excel Calculator - Simple Tax Indi

TDS - Late Payment Interest Calculator - TaxAdd

TDS - Late Deduction and Late Payment Interest Calculato

Interest Calculator TDS Cal- W.E.F 01.10.2014 TDS Cal - till 30.09.2014 Section Threshold Limit TDS Rate Amount Of Bill/Payment Instructions TDS Amount Net Payable 194A 194C 194D 194H Commission/Brokerage 194I 194J Note 1 I II Due Date : Deposited on : Interest Rate : p.a. Total Interest Days of Delay : C.H. PADLIYA & CO. Note 2 CHARTERED. If the advance tax installments are not paid as required simple interest is payable under section 234C @ 1% . With this excel based income tax interest calculator interest payable under all the three sections can be calculated for companies or non companies for Assessment Year 2014-15 and Assessment Year 2015-16 TDS - Late Payment Interest Calculator; TDS Return - Due Date & Penalty Calculator Health Checkup; Connect to call TOLL-FREE : +91 1800 103 3374, +91 8802933545, +91 9654540332. TDS Return -- Due Date & Penalty Calculator. Is this TDS is on purchase on Immovable property : Yes Xperts Tax is to excel services in the fields of. Tags :advance tax challan , itns 280, interest 234a, interest 234B , interest 234C , advancer tax interest calculator , interest on late deposit of advance tax , advance tax due dates , advance tax cut off amount , advance tax cut off after tds or not . capital gain exemption of advance tax . advance tax on capital gain applicable prospectively

Enter the interest payment formula. Type =IPMT(B2, 1, B3, B1) into cell B4 and press ↵ Enter.Doing so will calculate the amount that you'll have to pay in interest for each period. This doesn't give you the compounded interest, which generally gets lower as the amount you pay decreases TDS ( tax deducted at source) payment is one of the important task in finance due to heavy interest on latepayment of TDS and heavy fees on late filling of TDS return. In this post, you will learn following points: how to calculate interest on late payment of TDS u/s 201 (1A), How t The interest rate used is a court rate which changes annually. So if there is 1 payment from 2000 that isnt paid you have to calculate a different rate for each year of the interest due. It would be easy enough if this was a handful of payments but we are talking about 12 years of payments that were erratically paid This Late Fee Calculator will help you to quickly calculate the interest penalty on overdue invoices.. In addition to calculating the late fee, the calculator will also calculate the daily penalty interest rate and the total amount due. Plus, if you name and save your entries under the Data tab, you can quickly update the penalty interest on future billing statements just by changing the.

Enter a date in the penalty interest calculator (e.g. the day after the due date of the invoice) where calculation begins and the date when the amount will be paid. Penalty interest. The penalty interest is an interest that the debtor is liable to pay when the payment is overdue and not paid by the time required in the loan agreement A member in our society has not paid maintenance amount for the past 4 months. Assuming monthly maintenance amount of Rs. 1000/- and interest rate of 18% p. a., the society has charged interest to the member as follows Month 1 : Arrears - 0, Current - 1000, Total - 1000 Month 2 : Arrears - 1000, Current - 1015 (Interest - 15), Total - 2015 (Interest - 15) Month 3 : Arrears - 2015 (Interest.

Deposit late payment interest @ 1.5% per month or part of the month from the date of deduction till date of deposit. ,TCS RATES,15,tds certificate,2,tds 194I Limit for deduction,7,tds at less rate,6,tds calculations,2,tds calculator,11,tds calculator after 1.10.2009,1,TDS CERTIFICATE,6,tds challan 281,5,tds chart,1,TDS CORRECTION,3,TDS. Sometimes, you may want to calculate the total interest paid on a loan. For periodic, constant payments and constant interest rate, you can apply the IPMT function to figure out the interest payment for every period, and then apply the Sum function to sum up these interest payments, or apply the CUMIPMT function to get the total interest paid on a loan directly in Excel

transaction periods, or car loan and arm mortgages. Recent visit our amortization excel loan late payments required to turn off the template without knowing anything about the loan and shows dates for interest you have a way to. Nearly two years and excel loan irregular late payments have repayment Now, if you pay TDS deducted late, you are required to pay interest at the rate of 1.5% per month or part of month from the date of TDS deduction to the actual date of payment of TDS. Example of calculation of interest for late payment of TDS Download excel fixed deposit calculator calculator spreadsheet calculator online for free For example, if payment is due on April 1 and the payment is not made until April 11, a simple interest calculation will determine the amount of interest owed to the vendor for the late payment. Using the formula, an invoice in the amount of $1,500 paid 10 days late and at an interest rate of 6.625% would be calculated as follows: $1,500 (.066. TDS Rate 2% TDS 1000 Due Date For Deposit 20-Dec-17 Autual Date For Deposit 2-Feb-18 No of Months late 3 Total Interest( tds*1.5%*month) 45 Fees for Late TDS Return Due Date 31-Jan-18 Autual Filling Date 7-Feb-18 No of Days

In order to calculate your monthly loan payment, you'll need to use the Excel loan payment formula for the PMT function: How to Use the PMT Function to Calculate Loan Payments in Excel. Let's say you are shopping for a mortgage and want to know what your prospective monthly payment would be However the time of supply in case of interest, late fee or penalty received for delayed payment of consideration shall be the date of receipt of such interest. So on receipt of such interest BUYER is liable to pay GST @ 18% (as applicable) on which credit will be available to SUPPLIER In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every month or every part of the month during which the amount is not deposited with the government.. Interest @ 1.5% is liable to be paid from the date on which the TDS amount was deducted and not from the date the TDS payment was due Interest on late payment of TDS: Assessee is liable to pay Interest @ 1.5% for every month or part of the month on the amount of TDS from the due deduction date till the actual date of deduction. Penalty. Any assessee who fails to fill his/her TDS returns before the deadline, he is liable to pay penalty that equals the amount that was failed to. RD Calculator- Recurring deposit calculator is best investment method to save money . The recurring deposit interest rates vary from individual banks , and you should be wise in choosing it , this tool helps to calculate the RD interest maturity amount based on rd interest rates provided by various banks liks SBI, Axis Bank,HDFC,Canara Bank etc.

Filing of TDS statement with payment of interest Every deductor has to furnish quarterly statement in respect of tax deducted by him i.e., TDS return. As per section 201(1A), interest for delay in payment of TDS should be paid before filing the TDS return. Basic provisions relating to due date of payment of TCS to the credit of Governmen Calculate interest on late payment of tds online A second interest-free mortgage offers a lot of flexibility in the amount you pay each month. The minimum you must pay will be the interest the loan accumulates during the month. If you choose to pay more, the supplement will go to pay off the balance on the loan Calculate TDS on payments to Resident Individual, HUF, Firm, Company, NRI, Trust. Check TDS section applicable, Due Date & TDS Amount Payable online for free using TDS Calculator

P.S: If you want to calculate TDS late interest, try our free tool - TDS interest rate calculator. Like us on facebook Over a period of 19 years, Relyon with its Saral products has been striving to serve various industries to simplify the activities in Tax & efiling, Payroll & Accounts domain interest on late payment of service tax note:-after 01-10-2014(a) delay upto 6 months : 18% (b) delay beyond 6 months but upto 1 year : 24% (c) delay beyond 1 year : 30% penalty on late payment of service tax higher of (a) penalty not less than rs.100/- for every day during which failure continues (b) 1% of such tax per month but shall not exceed 50% of service tax du Interest on default of TDS payment If TDS is not paid on time to the credit of the Central Government within a period of seven days from the end of the month in which the deduction is made

XpertsTax: Calculato

  1. Auto TDS / TCS Calculator; Short Deductions; Late Payment - Interest calculation; Late Deduction - Interest calculation; Late Fee Calculation; Return Generation. FVU file generation in just one click with the integrated File Validation Utility (FVU) Option to automatically download CSI file; Instant display of the file validation errors.
  2. TDS Penalties Case #1: TDS Interest Penalty for Non-deduction or Late deduction of TDS In case, the deductor (being the payment giver) fails to deduct TDS on the appropriate date on which it has to be deducted while making payment to the other party, he shall be charged with the penal interest of 1% per month
  3. TDS deduction for the period January to March - Certificate to be given by 15th June; For TDS deduction on salaries - Annual certificate (Form 16) to be given by 15th June. Delay in issuing TDS Certificate: There will be a penalty of Rs 100 per day of delay per certificate or TDS payable for that quarter, whichever is lower

TDS late payment interest calculator Excel 2016-17 RD

Download Automatic TDS Delayed Payment Interest Calculato

Download TDS calcultor and Interest @ 1% & 1

In the table, I summed the total payment and interest over the first 7 payments and highlighted the balance at the end of the 7th month in blue. In this example, it cost about $3000 to make up for the one missed payment (to bring the balance back to the amount after the first payment). This doesn't take into late fees or penalties The Late Payment of Commercial Debts (Interest) Act 1998 ensures you get compensated - use our comprehensive late payment guides to help you make a claim. Enter the invoice value, the date the payment became overdue and the date payment was received and find out how much interest you can charge Bottom line: FD interest is taxable as per slab. If your slab is 10% then bank does all the work and need not pay any more tax (on FD income!). If it is higher than 10% then you need to compute the difference and pay. This is where this FD calculator will help. In general, no TDS applicable is nothing more than a sales pitch TDS Interest for late payment: The interest payment for late deposit of TDS after deduction is at the rate of 1.5% per month under Section 201(1A). This interest is calculated on a monthly basis and not on the number of days which is why part of a month is considered as a full month. The payment of this interest amount is calculated to the date.

If TDS is deducted- 1% monthly, starting from the due date till the actual date of deduction; If TDS is not deducted- 1.5% per month, starting from the actual date of deduction till the actual date of payment; Penalty for late submission. You must file the return on time. Otherwise, you shall be charged with a late fee on failure to file form. Interest Calculation Interest is a legitimate return on money invested and chargeable in the business world on loans and also on delayed payments. Interest can be calculated on the basis of Simple or Compound Interest. With Tally.ERP 9 you can obtain reports on interest calculated based on the configurations made. Interest is calculated on outstanding receivables or payables

Incom Tax Tds Excel Formula. Incom Tax Tds Excel Formula. Based on the data entered in file, software automatically calculates interest u/s 201(1a)(i) for late deduction and 201(1a)(ii) paym. Income tax calculation with if function. Salary and tds calculation file demo for fy 201314 same video with music Interest on Late Payments. To deter your clients from paying late, you may want to charge interest on your invoices. For instance, you could opt to charge 10% interest every time a client pays their bill a month late or more. You may even choose for the interest to increase as you get further past the due date The tax amount has to be paid to the government within 7 days of transaction, whether in instalments or in full. The penalty of not paying TDS on immovable property can be up to Rs. 1 lakh under Section 271H. To avoid penalty, you can pay the TDS, interest amount and late payment fee as soon as you receive a tax notice How to Calculate Interest on Late Payment of TDS . Interest will be calculated on the TDS amount in case if you have made late payment of TDS. Example . X Company has to pay of Rs.1,00,000/-to the vendor towards professional service charges. X Company has deducted TDS on 25th May 2016 of Rs.10,000 (10% on 1,00,000) and paid TDS on 10th June 2016

late payment interest calculator excel - YouTub

  1. Where: Rate (required) - the constant interest rate per period. You can supply it as a percentage or decimal number. For example, if you make annual payments on a loan with an annual interest rate of 6 percent, use 6% or 0.06 for rate.. If you make weekly, monthly, or quarterly payments, divide the annual rate by the number of payment periods per year, as shown in this example
  2. To use this calculator you must enter the numbers of days late, the number of months late, the amount of the invoice in which payment was made late, and the Prompt Payment interest rate, which is pre-populated in the box. If your payment is only 30 days late or less, please use the simple daily interest calculator
  3. calculate late payment fees and penalty interest on overdue amounts. If I just make a seperate worksheet and enter the values for late interest and fees on both sheets manually, then I have to calculate the late interest myself which I cannot do. To add more confusion, I really need to calculat

tds late payment interest calculation exce

  1. To calculate compound interest in Excel, you can use the FV function. This example assumes that $1000 is invested for 10 years at an annual interest rate of 5%, compounded monthly. This example assumes that $1000 is invested for 10 years at an annual interest rate of 5%, compounded monthly
  2. Excel is the spreadsheet application component of the Microsoft Office suite of programs. Using Microsoft Excel, you can calculate a monthly payment for any type of loan or credit card. This will allow you to be more accurate in your personal budgeting and to allocate adequate funds for your monthly payments
  3. Income Tax Calculator: Easily calculate your taxes online for Assessment Year 2022 - 23, FY 2021 - 22, FY 2020 - 21 & FY 2019 - 20 with Goodreturns Income Tax Calculator. Now it is very easy to.
  4. Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. In Excel, the method to calculate compound interest is simple. Now, the thing is. You just need to use a calculation method and specify the time period for which you want to calculate
  5. TDS Interest for late payment: The interest payment for late deposit of TDS after deduction is at the rate of 1.5% per month under Section 201(1A). This interest is calculated on a monthly basis and not on the number of days. And this is why part of a month is considered as a full month. The payment of this interest amount is calculated to the.
  6. Accurate TDS Calculation is a Must ? Tax2win has done in-depth research on various aspects of TDS so you can save taxes and plan your finances very well. This calculator works perfectly for Individuals, HUFs, Sole Proprietors and others. This tool is updated as per the latest TDS rates & regulations
  7. If you don't pay advance tax, you may be liable to pay interest under section 234B. Calculating Interest Penalty - With Example. Rahul has to pay total tax of Rs 2,00,000 for the current fiscal year. TDS (Tax Deducted at Source) amounting to Rs 1, 82, 650 was deducted from the income. On March 25, Rahul paid Rs 7,000, while the balance amount.

We've got some good news for you! Recently we just released a new version of our Compound Interest Loan Calculator in Excel.. It's often called Amortization Schedule with Principal and Interest Amounts which is basically the same thing as simply Loan Calculator.. The enhancements are: Added Compounding Interest Frequency (daily, weekly, fortnightly and monthly Interest is computed to the nearest full percentage point of the Federal short term rate for that calendar quarter, plus 3%. Rev. Rul. 2018-07 Calculate interest by multiplying the factor provided in Rev. Rul. 2018-07 by the amount owing It needs to be flexible with regard to payment amounts and payment intervals. It should be able to accept negative payments. (If necessary to advance additional loan amount to protect the collateral, ie taxes & insurance) Loan initial principal balance is $22,000. Rate of interest is 6%. Assume 40 payments. Column A is set to Currency Forma How much late payment interest can take society & if society is asking advance maintenance for 3 month Dear sir, Good Day ! Our society is collecting 3 months advance maintenance we fail to pay the maintenance, but we paid after 1 month so society is charging 21 % interest for late payment. so h..

TDS Late payment interest calculator and late fee

6.Interest on Late Payment: This is a very common default which arises due to late deposit of tax deducted, i.e. depositing tax after the due date of deposit of tax. Interest for failure to deduct tax at source/delay in payment of TDS is applicable in such cases. As per Section 201, if any person who is liable to deduct tax at sourc This IRS penalty and interest calculator provides accurate calculations for the failure to file, failure to pay, and accuracy-related penalties. The provided calculations do not constitute financial, tax, or legal advice. Indig Enterprises, Inc. recommends that taxpayers consult with a tax professional. Our IRS Penalty & Interest calculator is. Employees Provident Fund calculator:- DOWNLOAD employees provident fund calculator as what amount they need to pay every month and what amount should the employer need to pay. And what amount they are getting after the maturity. Kisan Vikas Patra calculator: - many of us invest in KVP which gives higher rate of interest as well as 100% secure money.. What you will get after the maturity will.

Interest on the shortfall of advance tax payment In case of a shortfall on the advance tax payment, the penal interest will be levied at a rate of 1 per cent per month or part thereof and is calculated as simple interest. Penal interest is levied from the start the of the assessment year, i.e., April 1 till the date of actual payment of taxes Salary Arrears Calculator is a ready-to-use template in Excel, Google Sheet, and OpenOffice to calculate month wise salary arrears with salary break-up. Moreover, with the help of this template, you can calculate salary arrears up to 35 years for an employee This loan calculator template generates a loan amortization schedule based on the details you specify. Enter the interest rate, loan amount, and loan period, and see what your monthly principal and interest payments will be. Then specify an additional monthly principal payment and see your equity grow and interest reduce This education loan can be for self, spouse, or children of the employee and there is no upper limit for claiming deduction for this payment. TDS for the payment of interest on Home Loan - This comes under Section 80EE. Up to Rs. 50,000 interest payment towards home loan is tax exempted per annum TDS Calculator AY 2022-23 (FY 2021-22) Calculate TDS on payment of Salary / Wages and Other Payments.. Tax Saving Calculator. Calculate and compare tax savings. Download PPF Calculator in Excel to calculate Interest, Maturity, RoI, Loan and Withdrawal. SSY Calculator 2021 Online

Probationary Officers PO Salary : September 2015 Update

TDS interest calculator - For late deduction, late payment

Interest-only Loan Payment Calculator. This calculator will compute an interest-only loan's accumulated interest at various durations throughout the year. These amounts reflect the amount which would need to be paid in order to maintain a constant principal balance For the admin of a small micro credit organisation I developed an admin tool in excel. I set up the admin as a kind of database system. One tab for each of the following: payments, loans, customers, investor o.a. All of them off course linked Before a loan is given out an interest rate is determined, and the way of payment (capital monthly or at the end) For a capital monthly the following. Annual PT payment of Bihar and Jharkhand attendance attendance sheet attendance sheet in excel attendance sheet in excel with formula complete form 16 from trace only Compliance Calender Cost to company calculation sheet Coverage of intermational worker under PF Download free automatic salary and CTC breakup calculator in Excel. Download NSC.

How to Calculate interest on delay TDS Payment ~ Tally

Let's say an invoice is $600.00 and it was required to be paid within 30 days. No payment is made. The vendor's late fee policy is to charge 5% per month on the outstanding balance. So, the vendor starts charging interest, in this case $30.00 for every 30 days that payment still hasn't been received However, TDS will not be deducted in case your total income is Rs. 2,50,000 and this amount is applicable for men and women below the age of 60 years. Note: TDS deduction rate on salary ranges from 5% to 30% which is equivalent to the applicable income tax slabs. The below chart contains TDS amount applicable for each type of payment The interest and penalty for late filing have also been deposited. The return has been filed before the completion of 1 year from the due date. Interest charged on late deduction and deposition. On top of that, the government may also charge interest for non-deduction and non-deposition of TDS returns Enter the original monthly payment amount. Note that if you leave the payment field blank, the calculator will calculate the monthly payment amount for you when you create the payment schedule. Step #6: Select the month and enter the 4-digit year of the date to start the payment schedule. Step #7

excel sheet for calculate interest on late deposit TDS

Changes in Income Tax Rules: 1. Tax reduced from 10% to 5% for Income from Rs 2,50,000 - Rs 5,00,000 leading to tax saving of up to Rs 12,500.. 2. 10% surcharge on income tax if the total income exceeds Rs 50 Lakhs but less than Rs 1 crore 3. For people with net taxable income below Rs 3.5 lakh, the tax rebate has been reduced to Rs 2,500 u/s 87A. 4. NO RGESS Tax exemption from FY 2017-1 How does a loan calculator factor your interest? Great question, the formula loan calculators use is I = P * r *T in layman's terms Interest equals the principal amount multiplied by your interest rate times the amount in years. For example. Where: P is the principal amount, $3000.00 We will calculate the rate of interest that shall be applied to calculate the interest payment amount. 13.39% is the annual rate, and if we divide the same by 365 and multiply the same by the number of days in the month of Oct, which is 31. Therefore the rate of interest per month will be 13.39% / 365 * 31, which is 1.14% for the Oct billing.

Simple loan calculator and amortization tabl

GST Interest Calculator. Under Goods and Service tax Regime, liability of Interest arises on Late Payment of GST. The Interest is paid from the next day of due date of GST Return filing. Interest liability arises for every person who This comprehensive and user friendly calculator can be used forcalculation of interest payable under Sections 234A, 234B and 234C of Income Tax Act for default / deferment in payment of Income Tax / Advance Tax and / or filing of Tax Return by specified due dates In most cases, you will actually pay slightly less due to interest compounding only twice annually. For example, if you buy a $250,000 home with a $200,000 loan at a 5 percent interest rate, you can expect to pay $1,067.38 in principle and interest every month Levy for Late filing of TDS Statement (Section 234E of Income Tax Act) Without prejudice to the provisions of the Act, where a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a.

TDS Interest Calculator (Late Deduction,Payment,Filing

Late payment charges: In case of delayed payment of EMI, a late payment charge may be applied by the bank/NBFC from whom the loan was obtained. This charge can be either a fixed amount or a percentage of the amount remaining unpaid. Penal Interest charges: Penal interest charges are applicable on the unpaid EMI amount. This is usually a fixed. I Called upp the mumbai office and clarified the interest on maharashtra labour welfare fund. as per the rules for june , one need to pay the contribution charges before 15th august. from 16 august you need to pay 1.5% extra for next three months each . after three months you need to pay 2% extra on all above charges on monthly basis TDS on rent (April 2020 and May 2020): Rs. 8,000 (10% of the rent for the first two months) TDS on rent (June to March 2020): Rs. 30,000 (7.5% of the remaining 10 month's rent) Total TDS for financial year 20-21 will be: Rs. 38,000 (A + B) (You will need to deduct Rs. 38,000 from the rent of March 2020

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