Late payment of tds
This query is : Resolved
vijay Berva
(Querist)
11 May 2015
How to calculate of interest on late payment of tds for the F.y 2015-16
If possible please send me simple excel calcutor file
If possible please send me simple excel calcutor file
11 May 2015
you can find it in share files for same.......
CA PARAS BAFNA
(Expert)
11 May 2015
On the TDS amount compute interest @ 1.5% per month or part of the month.
.
Interest is charged from date of deduction to date of payment.
.
If you have deducted TDS on 30.04.2015 or earlier and have not yet paid , you have to pay interest for April & May.
.
For interest calculator-You may refer the link
https://www.caclubindia.com/share_files/tds-interest-calculator--62774.asp#.VVC6SI6qqko
.
Interest is charged from date of deduction to date of payment.
.
If you have deducted TDS on 30.04.2015 or earlier and have not yet paid , you have to pay interest for April & May.
.
For interest calculator-You may refer the link
https://www.caclubindia.com/share_files/tds-interest-calculator--62774.asp#.VVC6SI6qqko
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