Tds late payment interest calc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2014
I WANT TO PAY TDS OF JAN-14 ON TODAY WORTH RS. 5000. WHAT IS THE TAX CALCULATION OF INTEREST TILL TODAY? PLS TELL ME. THANKS
Sandeep Dharar
(Expert)
18 June 2014
Interest will b charged for 6 months.
Guest
Guest
(Expert)
18 June 2014
interest will be calucalted from feb to june i.e. for five months
1.5 % per month
so 375 will b interest amount
1.5 % per month
so 375 will b interest amount
Sandeep Dharar
(Expert)
18 June 2014
Ankit plz update interest will b charged for 6 months i.e, from date(month) of deduction to payment date(month) hence from Jan-Jun comes to 6 months.
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