matter of tds calculation
This query is : Resolved
Guest
Guest
(Querist)
13 November 2010
plz sir clear my this query -sir plz tell me the calculation of tds.int.rate is1.50%.supose i m late & i m deposit it after 3 days(after due date) than how i do calculate it.my tds for the month of october is 1941 i m late to deposit only 3 days.than how i will calculation of this.
1941*1.50/100/31*3=3
or
1941*1.50/100=29
which is right . bcoz some expert say that calculation is may be
1941*1.50/100
1941*1.50/100/31*3=3
or
1941*1.50/100=29
which is right . bcoz some expert say that calculation is may be
1941*1.50/100
Tilak Agrawal
(Expert)
13 November 2010
Dear Rajeev
Interest is to be calculated for whole month even if you are late by only 3 days.
In your case Interest would be Rs. 29/-
Interest is to be calculated for whole month even if you are late by only 3 days.
In your case Interest would be Rs. 29/-
13 November 2010
Dear Rajeev, I had given you the calculation earlier. Hope now your query has been answered.
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