interest on delayed payment of TDS
This query is : Resolved
19 January 2010
Pls. let me know what will be interest on defult / delayed payment of TDS
19 January 2010
Interest @ 12% per annum or 1% per month is charged in case of late deposition of TDS.
So you can easily calculate it for any number of months
So you can easily calculate it for any number of months
19 January 2010
Section 201(1A) says interest @ 1 % should be paid for every month or part of a month from the date on which tax was deductible to the date on which it is actually paid.
19 January 2010
1% every month or part of a month from the due date to the date of payment
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