TDS Interest
This query is : Resolved
27 January 2011
Sir,
Deduction on April2010, payment due date 7th may2010, amount remitted on 07.01.2011.
so may to june = 2months
May to june = 1% x 2 = 2%
July to Jan = 1.5% x 7 = 10.5%
Total = 12.5%
It is correct?
Deduction on April2010, payment due date 7th may2010, amount remitted on 07.01.2011.
so may to june = 2months
May to june = 1% x 2 = 2%
July to Jan = 1.5% x 7 = 10.5%
Total = 12.5%
It is correct?
27 January 2011
1. you are correct this is the normal method what public do.
2. But if you read the exact section then you realise that it will start from april.
2. But if you read the exact section then you realise that it will start from april.
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Guest
(Expert)
27 January 2011
calculation is not correct
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