HI,
WHAT IS THE INTEREST RATE FOR LATE DEPOSITING OF TDS AND WHETHER IT IS CALCULATED ON DAYS BASIS OR ON MONTH BASIS.
THANKS
GAURAV
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INTEREST ON LATE DEPOSIT OF TDS
Replies (8)
Interest is charged @ 1% pm for late deposit of TDS. interest is charged on monthly basis and even if it is just one day, it is considered as full month
thanks mr. tushar jain
what is the interest rate on late deposit of tds
Interest on late deposit of TDS is 1% pm if it is submitted after 7th of the next month in which TDS is deducted e.g. for December u will have to deposit before 7th of January to Avoid Interest.
If 7th is Sunday than what is the last date of TDS deposit
what if i deposit TDS after the 7th of following month without the interest amount? Can i deposit interest separately? i mean can i file a revise return?
I want to calculate interest on late tds (for 4 days) amount is (1) 203.00 & (2) 8942.00
Interest is applicable on late interest deposit or not
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