Interest on tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2018 If the TDS has not been deposited for credit/payment in March'18, interest has to be deposited for late deposit of TDS.

Query is:

If TDS is deposited in May'18, how much months interest will be levied either two or three

26 May 2018 If the March TDS Payment not deposited on or before 30th April then Interest will be calculated 3 months.

27 May 2018 If TDS is not deposited within Due date, than interest to be paid from deduction month to till paid month, so you have to pay mar- Apr-May 3 months @1.5% per month .


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