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TDS LATE PAYMENT INTEREST CALCULATION

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(Querist)
14 May 2017 tds deduction in 31st mar 17 and deposit 13.5.17. pls update tds late payment interest rate and calculation
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Ankur Singhal

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Ankur Singhal (Expert)
15 May 2017 dear inteest on late payment would be calculated for 3 months @
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Ankur Singhal

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Ankur Singhal (Expert)
15 May 2017 nterest will be levied at 1% for every month or part of a month for delay in deduction of tax and at 1.5% for every month or part of a month for delay in remittance of tax after deduction. Q5. As per section 201(1A), interest for delay in payment of TDS should be paid before filing the TDS return.
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Arvind Kumar

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Arvind Kumar (Querist)
15 May 2017 1.5% per month ya 1% per month
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Ankur Singhal

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Ankur Singhal (Expert)
15 May 2017 1.5% p.m since you had deducted tds on time but deposited late .
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