Interest on delay eposit of tds
This query is : Resolved
10 October 2011
Dear Sir,
I have deduted TDS of Rs. 1,124 on 20/09/2011 & Deposited the same on 08/10/2011, than how much interest i have to pay for delay.
As per my calculation it comes to Rs. 17 (1124 * 1.5%.
Pls suggest whether my calculcation is correct.
Thanks:
I have deduted TDS of Rs. 1,124 on 20/09/2011 & Deposited the same on 08/10/2011, than how much interest i have to pay for delay.
As per my calculation it comes to Rs. 17 (1124 * 1.5%.
Pls suggest whether my calculcation is correct.
Thanks:
10 October 2011
Amount calculated is wrong. U need to pay two months interest only @ 1.5% which comes to Rs.3/-.
10 October 2011
Dear Sir,
Thanks for prompt reply, however i think this intt rate of 1.5% is PM so i am not clear for 2 months how it comes to Rs. 3/-. One more thing delay in deposit is only by one days i.e. instead of 7th it is deposited on 8th, so whether we have to pay intt for 2 Months.
Pls clearify & Guide on the same.
Once again Thanking you
Thanks for prompt reply, however i think this intt rate of 1.5% is PM so i am not clear for 2 months how it comes to Rs. 3/-. One more thing delay in deposit is only by one days i.e. instead of 7th it is deposited on 8th, so whether we have to pay intt for 2 Months.
Pls clearify & Guide on the same.
Once again Thanking you
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