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TDS interest Rate and process
I have deducted TDS on my employee salaries for the month of march , but till I did not pay TDS money to Govt. now what is the procedure to pay TDS . and how to calculate TDS interest . pls clarity
Replies (2)
here you deducted tax at a proper time and did not deposited to government ...till the specified date..
then there is provision in such case
U/S-201 (1A)..
it is late payment of tds ...(if you not pay till 30april in such case)so therefore @ 1.5% p.m or part of month shall be charged interest from the date of deduction of TDS till the date on which tds paid to the government.. .
then there is provision in such case
U/S-201 (1A)..
it is late payment of tds ...(if you not pay till 30april in such case)so therefore @ 1.5% p.m or part of month shall be charged interest from the date of deduction of TDS till the date on which tds paid to the government.. .
TQ sir
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