interest on salary tds

This query is : Resolved

priti (Querist)
Follow

02 February 2011 if salary of dec paid on 7th jan'2011 & tds deducted still not paid upto 2/2/2011 so how much interest in to be paid - sir pls clarify me as i m not very clear about it.
& also interest to be charged on total i.e. tds + educ. cess +high.edu.cess & how much percentage

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

02 February 2011 Interest is applicable if, on the accrual basis, you have entered the salary due entry on 31/12/10.

So the delay will be counted from 31/12/10.

from 31/12/10 to 30/01/11 : 1.5 % &
31/01/11 to 02/02/11 : 1.5 %

so total is 3 % of TDS including education & higher edu cess.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. Urmila Mahalwal

Dalbir Singh Wadhera

Rajesh

RAGHUNATH KASIBHOTLA

SARAVANAN PALANISAMY

Subscribe Now

interest on salary tds

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

Article Assistant

Accountant

CA Final