Interest cal'n on late payment of tds
This query is : Resolved
26 March 2012
Sir
how to calculate interst on tds when its not paid or not deducted in time , (tds 1% ) and bill is of 1/12/2012 , late me know interest cherged on bill amount or tds amt . sir pl give with example
how to calculate interst on tds when its not paid or not deducted in time , (tds 1% ) and bill is of 1/12/2012 , late me know interest cherged on bill amount or tds amt . sir pl give with example
26 March 2012
Interest will be charged on TDS amount.
Rate: 1% per month on late deduction of TDS and 1.5% per month on late deposit of TDS.
Rate: 1% per month on late deduction of TDS and 1.5% per month on late deposit of TDS.
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