Dear all please help... its urgent

TDS 546 views 5 replies

i deducted tds of my creditor Rs 5000 on 31st January but will be paying it on 8 february. how much interest would i have to pay.

 

Thanks in advance.

Replies (5)

Rs 5000* 1%*1 month=Rs 50

Interest 1.5% for late payment of tds and default period from the month of deduction so 2month*1.5% = 3% interest you have to pay

I agree with 1.5%. 

Here find attached due date and interest calculater which i designed kindly offer your comments

please find attached


CCI Pro

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