Hello professional freinds.
I know that 1.5% interest per month or part of the monthis charged for late payment of TDS. Kindly calculate the exact amount of interest on the below mentioned example:
The TDS amount is Rs 25,000 dated 21/07/2014, which needs to be deposited by 7th August 2014 but has not been deposited till today. How much interest amount be charged on this 25000 @ 1.5% if the TDS along with interest will be deposited by 4th Sept 2014?
I will be highly grateful for the help.