Tds
Querist : Anonymous
TDS amount: INR 15000
Date of Deduction of TDS: 17/11/2014
Date of Deposit of TDS : 4/02/2015
Querist : Anonymous
As per Law ,interest at 1.5% for every month or part of month on the amt. of such tax from the date on which such tax was deducted to the date on which such tax is actually paid
Thus we have deducted tds on 17/11/2014
and paid on 04/02/2015, the interest will be calculated as follows:
17/11/2014-16/12/2014
17/12/2014-16/01/2015
17/01/2015-04/02/2015
hence of 3 month
17/11/14- 30/11/14 1 month
01/12/14 - 31/12/14 1 month
01/1/15- 31/1/15 1 month
01/2/15- 04/2/15 1 month.
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