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Interest calculation on Late Payment of TDS

Others 509 views 2 replies
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
Replies (2)
Nov to Jan - 1.5% p.m. for 3 months
 
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?






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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