Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

07 March 2012 31st March 2010 TAX Deducted and Payment made on 20th April 2010. Then in this case what will be the rate of Interest and rate of penalty.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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07 March 2012 There is no penalty because for deduction of TDS on 31st march due date is prescribed upto 31st may but now 30th April. Penalty for late payment of TDS interest will be charge @1.5% pm or part of the month.
OM SAI SRI SAI JAI JAI SAI

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