Interest on delayed payment of TDS
This query is : Resolved
Quick Summary
21 May 2020
Salary TDS for March 20 deposited on 21-05-20. Should I pay interest for 3 months. Pls clarify.
Hope Interest is at 0.75% per month.
Thanks.
Hope Interest is at 0.75% per month.
Thanks.
21 May 2020
Interest for 2 moths @9% pa
KAVIRAJA ADDANGADI
(Expert)
21 May 2020
You have to pay interest for 3 months @0.75 PM since you have not paid with due date 30th April you have to calculate interest from March to May
Prakash Kochar
(Expert)
22 May 2020
TDS on Salary for month of March is payable on or before 7 th of next month in which salary is credited or paid. Interest liability will be for 2 months.
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