Please note,
Date of Deduction of TDS - 30.11.18
Date of Deposit of TDS - 15.01.19
How to calculate Interest for late deposit of TDS, which is correct
Nov to Jan - 1.5% p.m. for 3 months
or
Dec to Jan - 1.5% p.m. for 2 months
November to Jan 3 months @ 1.5% interest of each month so total 4.5%
1.5% Interest for the period Nov 2018 to Jan 2019 . agreed with Ruchika Somani
| Originally posted by : Jatin | ||
 |
Agree with you, I am always calculate interest as per your reply.Doubt raised while filling TDS return from TDSMAN Software (If tds deducted last day of the month not consider for interest calculation as per instruction / blog TDSMAN) - 2 months only from Dec to Jan)Is it right? |  |
No
N
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