kindly help to calculate the late payment of tds of Rs.926/- which was deducted in paymnet of party on 13.04.13 but till date it is not deposited in income tax department.
kindly help to calculate the late payment of tds of Rs.926/- which was deducted in paymnet of party on 13.04.13 but till date it is not deposited in income tax department.
Interest on late deposit tds = Rs 926*1.5% *5/12= Rs 6
hi..jasamine part of the month considered as full month. Interest rate is 1.5% pm i.e 926*1.5/100*5/12=5.78 i.e RS 6/-
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