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
CAclubindia
