Interest on tds
This query is : Resolved
MUKESH KUMAR
(Querist)
13 June 2013
If not deducted on salary march how much interest will be paid on tds and cess also. Please clarify
Ganeshbabu K
(Expert)
13 June 2013
Please refer Section 201(1A)(ii)
Reproduced here for your reference
(ii) at one and one-half per cent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid,
No cess is applicable on tds
Thanks & regards
Ganeshbabu k
Reproduced here for your reference
(ii) at one and one-half per cent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid,
No cess is applicable on tds
Thanks & regards
Ganeshbabu k
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