Interst rate for delayed TDS Payment
This query is : Resolved
13 July 2010
Kindly provide me interest rate for the delayed in tds payment and how to calculate it ?
eg.
Booking date Bill Amount TDS
30.04.2010 369340 7386.8
Amount till not deposited
eg.
Booking date Bill Amount TDS
30.04.2010 369340 7386.8
Amount till not deposited
13 July 2010
Up to the period 30.6.2010 - interest 1% per month or part of the month
From 1.7.2010 need to calculated - Interest 1.50% per month or part of the month
So May & June = 2 %
July= 1.50%
From 1.7.2010 need to calculated - Interest 1.50% per month or part of the month
So May & June = 2 %
July= 1.50%
13 July 2010
AGREE WITH RAMESH JI.
13 July 2010
in above situation if payment is made before 5th of Aug 2010..then interst need to be paid for august also ??
13 July 2010
Yes, Aug will also counted for delay payment
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