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tax deducted at source

This query is : Resolved 

03 April 2008 what is the penalty if the employer does not deduct tax every month and instead does the same at the end of the year

03 April 2008 no penalty is there.

03 April 2008 1% per month till TDS paid




03 April 2008 SUB-SECTION (1A) OF SEC. 201 OF INCOME TAX ACT PROVIDES THE SAME PENALTY FOR NON DEDUCTION OR NON DEPOSIT OF TDS AS SIMPLE INTEREST AT 12%P.A ON THE AMOUNT OF TAX FROM THE DATE IT IS DEDUCTIBLE TILL THE DATE ON WHICH IT WAS PAID.
R.V.RAO




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