Interest @ 1.5% pm or part of the month, from the date of deduction to the date of payment.
What's the date of deduction? Also what will be the date of payment?
I meant the DATE of deduction.Assuming the date of deduction to be 31/03/2021 and date of payment to be 01/05/2021:
No. of days delayed: 32 days (1+30+1)
Interest to be paid: 3%.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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