calculation is right
This query is : Resolved
Guest
Guest
(Querist)
10 November 2010
plz tell me int. of late pmt. of tds is 1.50% in uttarakhand. supose my tds is 1944 and i m deposit it after one days than calculation is 1944*1.50/100*1/12=2 is it right plz sir reply
taxindiaconnect
(Expert)
10 November 2010
It is not correct, the you need to deposit 1.5% for a month not a year.
10 November 2010
Rtae of interest on late deposit of TDS is 1.5% per month or part there off. This rate is effective from 01.07.2010. Rate was 1 % till 30.06.2010.
So you will have to calculate TDS @1.5% p.m.
So you will have to calculate TDS @1.5% p.m.
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