Interest on tds
This query is : Resolved
03 June 2015
hi
i deduct tds on rent as on 15.04.2015 but not deposit to govt. A/c which is due on 07.05.15. so i will decide that deposit on 07.06.15 so how to calculate interest on this amount. plz suggest me.
i deduct tds on rent as on 15.04.2015 but not deposit to govt. A/c which is due on 07.05.15. so i will decide that deposit on 07.06.15 so how to calculate interest on this amount. plz suggest me.
03 June 2015
You need to pay interest on late deposit of TDS for 3 months @ 1.5% per month. So interest payable will be 4.5% of the TDS amount.
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