Tds

This query is : Resolved 

13 May 2015 Sir, I have deduct the TDs of contractors in the month of April but I could not deposit in due date ie before 7th may now I will deposit the same on 15th may my question is how much interest I have to pay and what rate sir please

13 May 2015 You need to pay interest on late deposit of TDS @1.5% per month for two months i.e., for April and May.

So you need to pay 3% interest on TDS amount.


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