banner_ad

TDS interest

255 views 3 replies
what is the interest chargeable on TDS payment delay?
Replies (3)

1.5% Interest  to be calculated from the date of deduction ( calculate including date of deduction month ) 
for e.g.  date of deduction is 10/07/2019 and date of payment of tds is 10/08/2019 (i.e. late by 3 days)
then interest will be calculated for two month i.e. July and August 2019.

1000 x 1.5% Interest = Rs. 15 multiply by Two Months i.e. Rs. 30.

 

 

if date of deduction is 31.07.2019 and date of deposit is 25.08.2019

what is the interest amount
interest amount will be 30/-( for TDS amount of Rs. 1000/-) as per above calculation. for the month of July and August for two months.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details