Payment of tds

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i am deducting 7500 per month till 9 months but no challen paid till and i want to pay now how much to pay in this date 12.07.2017

Replies (3)

Under which section you are deducting TDS? The basic limit is different for different sections...

You'll need to pay the amount with interest @ 1.5% per month on every deducted amount for every calender month from the date of deduction till the date of tax payment.

Assuming your first month of deduction was Oct 2016. You need to pay TDS of Rs 7500 plus interest from Oct 2016 to July 2017 I.e. for 10 months @ 1.5 % for every month which comes to 15%. So interest for Oct default is 7500*15%= 1125. So total payment required for Oct 2016 is 7500+1125= Rs 8625. Similar calculation will go for other months and interest will be computed accordingly.


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