Tds interest late payment

yog12345678910111214 (article) (99 Points)

21 July 2016

Dear Sir,

Kindly ADVISE late payment of tds one day so how much amount we have deposit interset.

Tds Deducted -JUNE MONTH

TDS DUE DATE- 07/07/2016

TDS DEPOSIT- 08/07/2016

TOTAL AMOUNT- 275800/-

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3 Replies

CA Mehul Chudasama (Chartered Accountant) (618 Points)
Replied 21 July 2016

Interest On TDS To Be Claculated For 2 Months From Date Of Deduction Till Date Of Payment @ 1.5% on Amount TDS

If 275800 is TDS Amount Thenn Interest Will Be 275800x1.5%x2 months = Rs.8,274/-

yog12345678910111214 (article) (99 Points)
Replied 21 July 2016

tnx ! i have calculated as same amount.

Mukesh Kumar (Accounts Manager) (1466 Points)
Replied 21 July 2016

SOORY MEHUL JI

I THINK THAT IF TDS DEDUCTE ON AND AFTER DATE 09.7.2016 THAN INTEREST CALCULATE FOR ONE MONTH ,

OTHERWISE TDS DEDUCTE BETWEEN DATE 1.7.16 TO 8.7.16 THAN INTEREST CALCULATE FOR TWO MONTH

GOOD LUCK

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