Tds lete deposit panalty
This query is : Resolved
07 November 2013
Dear Sir,
How to calculate tds(late deposit) penalty.
Thanks
Mukesh
How to calculate tds(late deposit) penalty.
Thanks
Mukesh
09 November 2013
TDS late deposit interest is @1.5% per month from the date of deduction to the date of deposit of TDS amount. Suppose you have deducted TDS on 25-09-2013 and deposit the same on 31-10-2013 then you have to pay interest for two months. 25-09-2013 to 24-10-2013 and 25-10-2013 to 31-10-2013. But if you deposit with in 24-10-2013 interest for 1 month only payable.
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