Late tds interest calculations-please correct me
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2013
Dear Experts
I have calculate total TDS payable amount as per followings but m not sure about it therefore, you are requested to check it once and correct me.
Date of credit-15.05.2013 (Rs. 39326/-)
Date of payment (First)- 01.06.2013 (5500/-
Date of Payment (second)- 21.06.2013(33826/
Due date- 07.06.2013
Actual deposit on - 07.09.2013
Calculations:
15.05.2013 14.06.2013 1.5
15.06.2013 14.07.2013 1.5
15.07.2013 14.08.2013 1.5
15.08.2013 07.09.2013 1.5
6%
Total Tds 338
Interest 20
Payable 359
Please check & revert
Thanks in advance
I have calculate total TDS payable amount as per followings but m not sure about it therefore, you are requested to check it once and correct me.
Date of credit-15.05.2013 (Rs. 39326/-)
Date of payment (First)- 01.06.2013 (5500/-
Date of Payment (second)- 21.06.2013(33826/
Due date- 07.06.2013
Actual deposit on - 07.09.2013
Calculations:
15.05.2013 14.06.2013 1.5
15.06.2013 14.07.2013 1.5
15.07.2013 14.08.2013 1.5
15.08.2013 07.09.2013 1.5
6%
Total Tds 338
Interest 20
Payable 359
Please check & revert
Thanks in advance
26 August 2013
Agreed with your caluculation and it is as per Section 201(A) of income tax act,1961,,you can go ahead
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