Interest on late payment of tds

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sahil khalifa (Querist)
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22 June 2018 For April 18 TDS paid - 24078
Due date for TDS payment is - 07/05/2018
Actual TDS Payment date is - 11/05/2018

so we have to pay Interest for 2 months ( Apr & May )
but we have paid only for 1 month.

how to pay balance interest ?
is it enough to pay rs 361 ( 24078 * 1.5% * 1 month) because one month interest already paid.

CA Mayur Todmal

CA Mayur Todmal (Expert)
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22 June 2018 interest for 2 months applicable in your case. Pay balance interest as per regular process

sahil khalifa

sahil khalifa (Querist)
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23 June 2018 Thanks .. What if I will pay interest in July month.. Please explain with calculation example.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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01 August 2024 https://docs.google.com/document/d/1lhmAIwK01uYujw28FaHoSMc0uNUnMhXUh46T-7Huf4U/edit?usp=sharing

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Interest on late payment of tds

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