How calculate interest on tds

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

11 September 2013 How to Calculate TDS Interest Date of Payment 01-05-2013 TDS is 2250.00
TDS Paid on 06-07-2013.

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

11 September 2013 Sec.201(1A)

interest on tds is to be caluculated for the period from the date of deduction of tds to date of payment of tds
.
.
so interest for 3 months at the rate of 1.5% permonth

[ part of month also considered as month for caluculation of interest]

So interest on tds is =2250*3*1.5%

CA Pallav Singhania

CA Pallav Singhania (Expert)
Follow

11 September 2013 If you haven't deducted TDS then the Rate will be 1 percent per month or if deducted then follow the expert advice...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

THUSHAR MURALI KRISHNA

rana andcompany

Vinod Patil

CA jignesh daiya

Pritanu Chakraborty

Subscribe Now

How calculate interest on tds

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANT

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

Accountant