Intrest on late payment of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 October 2013
I want to know that if payment made on 18.5.13 Rs 1.00 Lac to a employee against three month salary (april,May,june)and TDS deducted as per applicable then TDS is deposited on the date of 7.10.13,then what is amount of interest ?????...
10 October 2013
For the TDS of Rs.1 lakh Interest @ 1.5% permonth is payable for 5 months under Section 201(1A)
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