Interest to be levy on Late Payment of TDS on Salary
This query is : Resolved
07 April 2009
Dear Sir,
TDS on Salary on one of the Employee Comes Rs.800/-. the Same is Ded.from his March Salary & Deposited with Govt. Treasury before 7th of Next Month.
My Question is What % of Interest to be Levied for Late Ded of Tax on Salary of this case ?
TDS on Salary on one of the Employee Comes Rs.800/-. the Same is Ded.from his March Salary & Deposited with Govt. Treasury before 7th of Next Month.
My Question is What % of Interest to be Levied for Late Ded of Tax on Salary of this case ?
07 April 2009
If the amount is only rs.800 as given above and since there is a meagre dealy the interest is only Rs.8/- which you need not pay because less than rs.10 may be waived.
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