Interest on tds
This query is : Resolved
02 September 2014
Hi All
Tds Deducted on 3/4/14 150/- paid on 14/5/14
Interest should be calculated
from 3/4/14 to 14/5/14 @18%
which wiil be 27+14= 42*18%/365 dys(April 27dys + 14 days of May = 42dys)
or it should be for april & May = 2 months @3%.
plz confirm
thnx
Tds Deducted on 3/4/14 150/- paid on 14/5/14
Interest should be calculated
from 3/4/14 to 14/5/14 @18%
which wiil be 27+14= 42*18%/365 dys(April 27dys + 14 days of May = 42dys)
or it should be for april & May = 2 months @3%.
plz confirm
thnx
02 September 2014
Interest to be paid for 2 months i.e., 3% of TDS amount.
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