Tds not deducted

This query is : Resolved

Gaurav Sharma (Querist)
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05 September 2014 Hi sir, we have hired a consultant for business support and paid to monthly salary of Rs. 83000.00 and book the TDS but we have not deposited in his TDS for Apr-13 to till date. sir let me know that how much TDS deposited and how much will be charge of Interest.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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06 September 2014 You need to deposit TDS along with interest @1.5% per month or part thereof. So you need to pay interest for 18 months i.e., 27% of the TDS amount.

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