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Late Fee for TDS on Salary Mar 2020

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Mohanraj J

1238 Points Posted on 29 April 2020

Dear Friends,

Due to some reasons we are not able to pay TDS on Salary for Mar 2020. So, we should pay interest 1.5% for this late fee? or CBDT extended due rates or waiver for late fee due to lockdown?

Replies (6)

Quick Summary

This discussion clarifies the late payment of TDS on salary for March 2020. It confirms that TDS on March salaries should be remitted by 7th May to avoid interest. The conversation also touches upon potential extensions or waivers due to lockdown circumstances, advising to check for CBDT updates.

sanjith kotni

Articled assistant

663 Points Posted on 29 April 2020

TDS for salary for the March can be paid with in 7th June .

As TDS under sec 192 for salary to be deducted at the time of payment .

You can take above benefit which is provided in sec 192 itself.

Mohanraj J

1238 Points Posted on 30 April 2020

Thanks Mr Sanjit, so interest not applicable. Am I correct?

sanjith kotni

Articled assistant

663 Points Posted on 30 April 2020

Mohanraj ji .It's 7th May because March salaries will be paid in April so TDS on salaries to be deducted in April and to be remitted with in 7th May.

Make payment within 7th May to avoid interest