Dear All,
myself ganesh accountant from a company. i would like to know we have not filed the employee tds on monthly basis
Can we pay now from april'2021 to till date and how to pay what are all the penalties and interestes
Kindly provide me the details it would help me a lot..
Have you deducted from their salary in previous months but not paid to the government? If this is the case then they will charge you interest and late filing fees for every period until you pay and file the return.
But if you have not deducted at all from the employees, you can deduct it now and pay / file the return for the current period.
Calculate the TDS liability against each employee to be paid by you for FY 2021-22.
Now distribute the total liability into a monthly liability. Make the payment online on this link for TDS payments: https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
The TDS liability will have to be paid along with interest @ 1.5% per month or part of the month.
After the payment file your quarterly TDS returns along with a late filing fee of Rs. 200 per day. The late filing fee will be Rs. 200 per day up to maximum of the challan amount involved in the return.
CAclubindia
