Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2014
We have deducted TDS on Salary Payment for the month of Oct-2014 on 05.11.2014, entry passed in our books of accounts on 05.11.2014(salary paid on 05.11.2014) and deposit the TDS on 16.11.2014.
I want to know we are liable for paid the Interest on Late Payment of TDS?
if yes, what is the calculation?
I want to know we are liable for paid the Interest on Late Payment of TDS?
if yes, what is the calculation?
18 November 2014
yes interest is to be paid for late deduction and deposit.
late deduction-1%
late deposit-1.5%
for one month interest is to be paid.
late deduction-1%
late deposit-1.5%
for one month interest is to be paid.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
