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How to calculate interest on tds

TDS / TCS 688 views 1 replies

I am Seeing Continuosly That in "Expert/Forum" Section, Many Queries are related to Interest on TDS calculation.

Just People Have to See These Below 3-4 Lines, After That any One Can Calculate Interest on TDS.

 

Interest from 01.07.2010


  • For late deduction of Tax deduction at source-(period date from tax deductible to date of actual deduction )(rate 1 % per month or part thereof) 
  • For late deposit of TDS after deduction (period :date from tax deducted and date of actual deposit)(rate 1.5 % per month or part thereof)


Regards,

CA Ayush Agrawal

Replies (1)

Ayush Sir Thanks for the concern of Explanation. I bookmarked it.


CCI Pro

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