Tds due date

This query is : Resolved

Gurvinder Singh (Querist)
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07 August 2014 Dear Sir/Mam

Pls adv on the due date of payment of tds in case of company.
Any grace given if we pay online.

If there is a delay, pls adv the interest and late payment charges.

What is the formula to calculate interest?

Thnx
Gurvinder Singh

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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07 August 2014 Due date of payment of TDS is 7th of Next month. For month of March fue date is 30th April. No grace period for online payment like Service Tax.

Rate of interest on late deposit of TDS is 1.5% per month and on late deduction of TDS 1% p.m.

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