banner_ad

TDS Interest Payment

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 July 2020 Sir

At what time, should we pay the interest for delayed payment of tds in case if we fail to deduct it or to deposit it after deduction for the whole year?

thanks in adv
Profile Image

GN Patankar

Profile Image

GN Patankar (Expert)
02 August 2020 (I) The rate of interest for late deduction of TDS is @ 1% Per month .
(II) 1.5% pm from the date at which TDS was detected to the date of deposit.
Normal date of payment for the month of Mar'20 was April'20 , due to Covid govt given some relaxation to pay tax up to 30th June with 0 .75% pm interest as against 1.5% . If TDS is not paid Upto March so sar than intt will be levied @ 1.5% PM .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details