TDS
This query is : Resolved
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
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)
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