interest on late payment of TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2011
Sir,
Will you pls explain me solution of the following problem.
If my client has made payment of Commission to Mr.x (an Individual)of Rs. 15000 on 16/04/2010 and he is going to deposit the said Tax on 23/01/2011. How much interest is he liable to pay on the same? pls illustrate the calculation of interest;
Waiting for your reply.
Will you pls explain me solution of the following problem.
If my client has made payment of Commission to Mr.x (an Individual)of Rs. 15000 on 16/04/2010 and he is going to deposit the said Tax on 23/01/2011. How much interest is he liable to pay on the same? pls illustrate the calculation of interest;
Waiting for your reply.
20 January 2011
For April / May / June = 1 % for each month (Rs. 150/- for each month)
For July to January = 1.5 % for each month (Rs. 225 for each month)
For July to January = 1.5 % for each month (Rs. 225 for each month)
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