Calculation Of Interest On Late Payment Of T.D.S. ?

We have deducted TDS on interest payment on 31.03.2008 but not paid till date now i want to paid on 19.09.2008. Interest for how many month to be paid by me i.e. for 6 or 7 month and by what rate

Please tel me What rate on late payment of tax in the case of individal(salary Employee)

kjjjjhh

Dear Sir,

Pls guide me to canculate interest for delayyed payment of TDS, i have deducted tds on each month and depositing in 8th of next month in this case whether interest will be for 2 month or 1 month

pls help with reference of income tax act

Thanks & Regards

Amarnath

what is the tds % on interest paid for the companies

regards

ramesh kumar k

Rate of interest on late TDS deposite is 1% p.m. and part of a month willbe consider full month whether its only 1 day and 1 month will be from the date to TDS deposite due to 7 of next month.

For instance if TDS should be deposited upto may7 and u are not able to deposite it till June8 then interest willbe calculated for two months and rate willbe 2%

On late payment of Bill of a foreign party, interest has been raised for such late payment.  What will be the rate of TDS on such payment of Interest?:

How to calculate interest amount on TDS on contractor

Interest is to be calculated from the date of deduction as per the provision @ 1% per month.

A. Interest fron APR to FEB 11 Months @ 1% P.M ( if you are paying in the Month of FEB)

B. MAY to JUNE for 2 Months @ 1% P.M

C.JUNE to FEB 9 Months @ 1 % Per Month

D.JUL to FEB for 10 Months @ 1% per month

i am passing journal entry of tds u/s 194A in april 2009 its payment date is 7th may 2009 but it is not deposit till 4/5/2010 now i like to deposit it on 5/5/2010. i have problem to calculate no. of month please help me

hi friends

i m passing the journal entry of tds u/s 194A on 18 april 2009 & want to deposit on 5/5/2010 please help me for calculation in no. of month

regards

kanhaiya

Now i am calculating for PY 2009-10 that time what will the interest rate