Tds late payment interst caliculation process

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 February 2014 Dear Sir

From 01.04.2012 To 31.07.2013 i didnt pay TDS suppose net amount 5 laksh what is interest should be pay

20 February 2014 Pay interest on late deposit @1.5% per month of the TDS amount. For even a part of the month interest to be paid @1.5%.

So its 1.5% per month or part thereof.


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