Interest for TDS late payment for fy 2021-22

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4 Points Posted on 27 July 2021
interest rate for late payment of tds for quarter 1 I fy 2021-22?
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On 27 July 2021 at 13:20 Report
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The interest rate for late payment of TDS for the financial year 2021-22 remains unchanged. As per Section 201(1A) of the Income Tax Act, the applicable interest is 1.5% per month or part of a month for delayed TDS deposits.

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CMA
13117 Points Posted on 27 July 2021

There is no change in the rate. It would be 1.5% pm or part of the month.

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On 27 July 2021 at 13:47
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16 Points Posted on 30 July 2021
Under Section 201(1A) for late deposit of TDS after deduction, interest payment should be at a rate of 1.5% per month
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On 30 July 2021 at 08:23
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Chief Accountant
3150 Points Posted on 31 July 2021
Interest payable @ 1.5% pm or part of the month
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On 31 July 2021 at 02:09

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