Hi ,
Please let me how to calculate penalty in case of delayed payments and what is the percentage for 194H.Due to some reason i have not Paid on due date .Rs.12500 TDS u/s 194H. i have deduct on dt.6/8/2010,so how can interest calculate on amount and kindly give me rate of Interest.
Thanks & Regards
Harendra Kumar
Pune
Pay the interest @ 1% pm (12500/- x 1% = 125/-
Harendra Ji ------ Pay the interest for two month @ 1% p.m.
12500 X 1% X 61/365 = Net Interest Rs.21
Interest to be paid Rs.21/-
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