Tds late payment

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pravin (Querist)
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30 April 2013 Sir ,Interest on TDS Payment will calculated Day Wise or Month wise.

Dated 15.04.2013 we deducted TDS on Contract on Amount10000.00 @ 2% = 200.00 & due date is 07.05.13 but we deposit TDS 08.05.13

My question is Here we calculated Interest for One Days or 1 Month ie 1.5%

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 April 2013 If you deposit TDS on 08.05.13 you will have to pay interest @1.50% on Rs 200/-. i.e., interest for 1 month. In case of TDS interest on late deduction or late deposit is calculated for month and part in excess of a month is also treated as 1 month. (But try depositing on 07.05.2013 as you have time in your hand.)

pravin

pravin (Querist)
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30 April 2013 THANKS SIR

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