Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2014 Dear sir,
I have deduct the tds for the month of July for salary. i cannot paid the due date on 07.08.2014. but i have paid the tds on 20.08.2014. i calculate the tds interest for 1.5 % for 1 month . my calculation for below
TDS -46821
inte @1.5 % - 702
Total -47523
the above calculation its wrong or right sir.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 October 2014 The salary relates to July and the salary payment date is 31st July you have to remit 2 months interest.

@VaibhavJ

@VaibhavJ (Expert)
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14 October 2014 Hi

Delay is calculated from the date of deduction to date of payment and also part of month is considered as full month, hence for one day delay 2 month int is to be paid.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2014 Dear sir,
Kindly send the TDS Interest calculation sheet in excel format sir

@VaibhavJ

@VaibhavJ (Expert)
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14 October 2014 please search in file section, it is available there.

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