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TDS Interest

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Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2010 What are the criteria for Late Deposition of TDS? i want to know exact interest rate for this.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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05 July 2010 presently interest on TDS late deposit is 1.50 % per month from the date of deduction to date of payment

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2010 Please tell me that if i have to calculate Interest from when i have to start from the date of Deduction or on last date It mean if i deduct tds as on 31.03.2010 and deposition as on today so for how much month i have to calculate for interest

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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05 July 2010 In act it is provided from the date of deductin only.if you deducted 31.3.2010,presently you want to pay now you need to pay 6% ( 4 months x 1.50)

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