28 April 2015
The due date for making tds payment is 30th april, 2015 and if by the way the same payment we make in may 2015 before the due date of uploading the tds return it will be delayed by one month Please let me know the rate of interest per month. I am confused. It is 1% per month or 1.50% per month.
28 April 2015
The rate is 1.5 % per month for late deposition of TDS payment.....
And 1 % is for late deduction...
For calculation of delay period read this
at one and one-half per cent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid.
CAclubindia
