About payment of tds

This query is : Resolved 

27 March 2015 I have paid rent of march at 01 Feb 2015 in advance and deducted TDS but did not deposit TDS amount till date.

If I deposit TDS before 7 April 2015, Will any penalty applicable on me? I have always paid all previous TDS before due date.

Please reply.

Bhupendra Dubey

27 March 2015 You have to pay 3 months interest at 1.50% per month.

27 March 2015 If you deposit on or before 31.03.2015 you can save interest for one month. If you pay in March 2015 you will have to pay 2 months interest and if you pay anytime in April you will have to pay 3 months interest.


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