banner_ad

Interest on tds for belated pymt

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 December 2014 1 of my client (a company) remitted tds for the month september on 08/10/2014 i.e., Delay by 1 day.TDS amounts to Rs.1035000.I know Interest to be charge 1.5% for whole or part month thereof.
I want to know how to calculate interest amount on belated pymt for this case.pl reply with ur workings....
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
24 December 2014 You have to remit two month interest including for September being the deducted month. Calculate 3% on the above amount.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
24 December 2014 you have to calculate the intt for two month @ 3% on tds amount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


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
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details