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Interest on tds

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(Querist)
04 April 2015 Interest @1.5% p.m. or part of the month is to be charged on delay payment of TDS on the amt of TDS including cess OR excluding cess ?
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CA. SHIVA SHANKARA R. SHETTY

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CA. SHIVA SHANKARA R. SHETTY (Expert)
04 April 2015 cess is not applicable for tds. So interest is excluding cess
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
05 April 2015 In case of TDS u/s 192 Interest on late deposit of TDS @1.5% per month will be paid on amount including cess.



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Kaushik Joshi

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Kaushik Joshi (Expert)
06 April 2015 Dear Manash,
As both the experts have suggested, if the tds section requires you to calculate cess (sec 192), then with cess, else other sections don't require payment of cess anymore.

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