Tds interest matter

This query is : Resolved

Guest

Guest (Querist)

06 June 2013
i want to discuss about tds payment for the previous f.y 2012-2013. i did not deposit tds of f.y 2012-2013.sir my detail given below april-5000
may-nil no tds
june- nil no tds
july-10000
august-no tds
sep- no tds
oct- no tds
nov-no tds
dec-no tds
jan- no tds
feburary-15000
march- no tds
then sir if i will payment of tds f.y 2012-2013 tommorrow 7.6.2013 then sir how many month interest i will paid plz sir sir if tds deduct all month then ii calculate simple. but sir in some month no tds deduct so why i will give other month interest. so i need your help because sir you are genious

Ganeshbabu K

Ganeshbabu K (Expert)
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06 June 2013 interest at the rate of 1.5% permonth

period of delay will be caluculated as follows
=(from the date of deduction to date of deposit)

assuming you have deducted tds on every month on first of month (please provide exact date of deduction)

so interest is as follows

for depositing
April= 5000*1.5%*15 months of delay

July=10000*1.5%*12 months of delay

february=15000*1.5%*5 months of delay

(delay for part month also to be considered as full month)

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