Interest on tds calculation
Querist : Anonymous
For failing to deduct tds:
Interest= Rs.10,000*1%* 2 months (sep & oct)
For Failure to pay tds:
Interest = Rs. 10,000 * 1.5%*3months (oct, nov, and dec)
october has come in both the calculations as part of the month is considered as full month.
Querist : Anonymous
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