TDS
This query is : Resolved
Panduranga
(Querist)
26 August 2010
We have not deducted TDS on one of our employee salary for the year 09-10, now we are deducting TDS, what is the interest rate for late payment,which is the due date for TDS payable on salary,We have not deducted TDS on each month.
Thanks
Thanks
CMA Ramesh Krishnan
(Expert)
26 August 2010
In your case TDS payment dus date need to calculate based on in which month the actual salary was paid, suppose salary oaid in Apri-2009 the due date is 7th May 2009,
But interest need to be calcualte from the month of deduction
The Interest rate is 1 % up to June-2010 and 1.50% from July-2010, per month or part of the month ( donot calculate days basis)
But interest need to be calcualte from the month of deduction
The Interest rate is 1 % up to June-2010 and 1.50% from July-2010, per month or part of the month ( donot calculate days basis)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Capitalgain tax purposes for valuation report compulsory
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Non filing of I T Returns
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Import of Software Service.
- TDS on Fixed Assets purchased
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
