Tds related query
This query is : Resolved
Guest
Guest
(Querist)
21 March 2013
HOW TO CALCULATE TDS ON INTEREST?
FOR EXAMPLE:-TDS DEDUCTED ON 30/07/2012 AND PAID TO GOVERNMENT ON 03/12/2012 FOR RS 10000.THEN,WHAT WOULD BE THE AMOUNT OF INTEREST.PLEASE SHOW ME THE CALCULATION ALSO.
FOR EXAMPLE:-TDS DEDUCTED ON 30/07/2012 AND PAID TO GOVERNMENT ON 03/12/2012 FOR RS 10000.THEN,WHAT WOULD BE THE AMOUNT OF INTEREST.PLEASE SHOW ME THE CALCULATION ALSO.
21 March 2013
Interest on delay payment of interest need to calculate from the date of deduction, and percentage is month or part of month. You deducted on 30/07/2012 and paid on 3/12/2012. July, Aug, Sep, Oct,Nov & Dec 6 months delay so 6 x 1.50 = 9 % interest need to pay
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