We have deducted Rs.60000 on 31.03.2010 for rental payment and paid into govt account on 25.09.2010.
I want to know the following
a. Due date of payment for deduction made on 31.03.2010
b. No of months of default
c. Rate of interest
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Interest on late payment of TDS
Replies (2)
(a) Due date:
If deducted on payment 07/04/10
If deducted on Prov 31/05/10
(b) No of Months of Default--
April to Sept 6 months
(c) Interest @ 1% till 30.06.10
interest @ 1.5% from 01.07.10
Total Interest---(7.5% on Rs. 60000/-)
April To June---(1*3)3%
July To sept (1.5*3=4.5%)
Interest
1.4.10-30.06.10-1800
01.07.10 to 30.09.10-2700
Total-4500
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