hi, please tell me the late fee charged on TDS, if we pay TDS today. TDS amount is 2500
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Quick Summary
If you pay TDS after the due date, a late filing fee of Rs. 200 per day applies, capped at the total TDS amount. Additionally, interest at 1.5% per month is charged from the date of deduction until payment. The Rs. 200 daily charge is specifically for late return filing, not for late payment of the TDS itself.
Rs.200 per day Failure to file your TDS returns within the due date will mean that you will be subject to a late filing fee of Rs. 200 per day. The fee will be charged for every day after the due date, until the date on which your return is filed. However, the maximum fees that you will have to pay will be limited to the TDS amount.
Rs.200 per day is late return filing fees and not late deposit fees. For payment of tds after due date interest is applicable at 1.5% pm from the date of deduction.
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