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
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Interest calculation
Replies (5)
November to Jan 3 months @ 1.5% interest of each month so total 4.5%
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?
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?
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
Thank you Ms. Ruchika & Mr. Naveen Chand
Why software alert for wrong calculation but I am right
Please read article on Interest on Late Payment of TDS on TDSMAN website, clearly instruct if tds deducted on last day of the month, not consider for interest calculation
Why software alert for wrong calculation but I am right
Please read article on Interest on Late Payment of TDS on TDSMAN website, clearly instruct if tds deducted on last day of the month, not consider for interest calculation
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