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Tds - late payment interest on salary?

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 April 2014 Hello Sir, i want to know what is the interest charges on late payment of salary challan?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
29 April 2014 (i) at one per cent for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted; and

(ii) at one and one-half per cent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid,
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2014 THANK YOU SIR FOR HELP!
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
30 April 2014 you are welcome friend.
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