banner_ad

Interest on tds calculation

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
31 October 2012 Please explain me calculation of interest like my TDS deduction liability raise in september month and i deduct TDS in october and want to payment in december what will be the interest amount.
Profile Image

CA Roshan Jha

Profile Image

CA Roshan Jha (Expert)
31 October 2012 Your interest on Tds liablity shall be as follow (Assuming Tds amount =10,000)

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.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 December 2012 what will i do when I paid full amount to that party and there is no further dealing with him.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details