Interest on tds payment for the March month

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197 Points Posted on 14 May 2020
I had not deposited tds amount for the period of March 2020. due to corona dieses. Now I want to pay deducted tds amount shall I liable to pay interest on late payment of tds for the month of March 2020
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On 14 May 2020 at 09:32 Report
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Quick Summary
If you didn't deposit your TDS for March 2020 due to the pandemic, you are liable to pay interest on the late payment. The interest rate was initially 1.5% per month but was reduced to 0.75% per month during the lockdown period. Ensure you calculate and pay the correct interest amount.

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accountant
24 Points Posted on 14 May 2020
Yes You are Liabilie To Pay Interest 9 %
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On 14 May 2020 at 11:16
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1238 Points Posted on 14 May 2020
1.5% interest per month. So, 4.5% interest only need to pay. Am I correct?
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On 14 May 2020 at 12:59
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accountant
24 Points Posted on 14 May 2020
It's Changed To .75% From 1.50% During Lock Down
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On 14 May 2020 at 14:08
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GST Practitioner
55067 Points Posted on 15 May 2020
Interest @ 0.75 per month is applicable
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On 15 May 2020 at 00:45

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