Late payment iterest calculation

TDS 415 views 2 replies

One of my client was deduct TDS on Salary on 30th April, 2012 and pays the same to the government on 8th may,2012. The justification report says the period of late payment of tds is 2months. its just 8 days delay. How it can be 2 months.... I dont get it...anybody give me a clarification


Attached File : 631772 1286045 tds interest.pdf downloaded: 121 times
Replies (2)

For The Purpose Of Interest Calculation U/s 201(1A) Every Part Of The Month Is Considered As Full Full Month

 

So In Your Case

 

30.04.12 To 30.04.12 Is 1 Month

01.05.12 To 08.05.12 Is 1 Month

 

So 2 Months Interest

 

Thank you Mr. Kumar..
 


CCI Pro

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