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Regarding PT & TDS

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ganesh k

MBA

5 Points Posted on 07 March 2022

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..

Replies (6)

Quick Summary

This discussion addresses concerns about late filing and payment of Employee Provident Fund (PT) and Tax Deducted at Source (TDS). It clarifies that if TDS was deducted but not paid, interest and late filing fees will apply for each period. If TDS wasn't deducted, it can be deducted now. The process for PT filing in Karnataka via pt.kar.nic.in is outlined, along with details on TDS payment and return filing through NSDL, including interest at 1.5% per month and a late filing fee of Rs. 200 per day.

JJJ

Need help

695 Points Posted on 07 March 2022

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.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 07 March 2022

If you are in banglore or other parts of Karnataka then

Apply for PT employer & employees through pt.kar.nic.in

Get user id & password
start filing PT returns.

Interest per month is 1.25% / 1.5% .

You can pay even for past months

CA Surya Sekar

CFO

1347 Points Posted on 08 March 2022

Tds can be paid through online mode and even tds returns can be done from NSDL RPU , FVU

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 08 March 2022

Google it as etax payment system.
Select tds challan from NSDL and make tds payments.

Tds filing can be done from third party softwares or NSDL utility.

Visit Tin facilitation center for offline tds returns filing

CA Puja Sharma

Chartered Accountant

5010 Points Posted on 08 March 2022

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.