Rate of interest on non deduction of tds f. y. 2009-10

Dear Sir/Madam,

The employee not deducted TDS on Technical Services [Sec.194J] in F. Y. 2009-10.  I want the slab of rate of Interest from F. Y. 2009-10 to F. Y. 2012-13.

Please Help me.

Vikas

Replies (2)

Dear Vikas,

there are two types of Rate of Interest on Late Payment of TDS,they are

1. @ 12% p.a. on TDS amount (when the Deductor deduct the TDS and likes to pay the TDS (even Late       Deduction, i.e. tds deduction and tds payment both are late), But as per Merantile system the TDS should be deducted the same day, and should be deposited 7th day of next month, when the Payment or credit made or likely to be credited whichever is earlier.So, Practically this issue will not arise.

2. @ 18% p.a. on TDS amount (when the Deductor deduct the TDS and likes to pay the TDS (when the Deduction date and TDS payment date is different), As per Merantile system the TDS should be deducted the same day, and should be deposited 7th day of next month, when the Payment or credit made or likely to be credited whichever is earlier.So, Practically  We should consider this RATE OF INTEREST.

Regards

 

 

@ Maruthi

thanks for giving the answer. I am going with point No. 1.

But the slab of rate of interest changed after july 2010.  I want the rate from FY 09-10 to current year.

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details