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Tds late filing what is the interest rate (Income Tax)

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This query is : Resolved



( Author )
02 January 2014

Dear Sir

If we file TDS Return late what is the interest rate charge by Government.

i want to know both details of late payment and late filing.

Thanking You

Amruth Kumar


Nikhil Kaushik

( Expert )
02 January 2014

from date of deduction to date of payment, 1.5% per month or part of the month.

For late filing Rs 200 per day refer section 234E.


sahil jain

( Expert )
02 January 2014

Hi Amruth,

I agree with Nikhil Kaushik, however the total amount of fee paid under section 234E shall not exceed the amount of tax deductible.

In case of late payment interest @ 1.5% per month or part of the month will be charged from the date of deduction (not the actual date of payment).
For e.g. if you have deducted TDS on 20th September and the due date of payment of TDS is 7th October and you have deposited TDS on 10th October then interest will be charged for 2 months i.e. for September and October.


Nikhil Kaushik

( Expert )
02 January 2014

yes thanks Sahil for adding to my reply.


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