Interest on TDS

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survesh (Querist)
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23 March 2011
Sir

A Firm has not paid TDS from June to Feb.

I Have calculated tds. for Each Month.

Please say how to calculate interest on TDS.

Is their any calculation.Below calculation is right or wrong please reply.

TDS Value x 18% X delay days / 365 days

Regards

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 March 2011 This method is wrong.

Interest rate on late deposit of TDS is 1.5% per month w.e.f 01.07.10.

For details see below link. Same type of question has been answered in details.

https://www.caclubindia.com/experts/tds-577865.asp

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