Sir,
We deduct TDS Amount Rs.46752/- on 30.03.2018. And Paid on 05.05.2018.
1) What is the current TDS Interest Rate ?
2) How many months want to pay TDS Interest ?
My Workings as 46752 x 1.5% x 2 Months = Total Interest Rs.1402/-
It is correct ..?
Thanks & Regards,
M.Shanmugasundaram
interest is payable from the date of deduction to till the date of payment @ 1.5% per month of part of the month.
46752*1.5%*3 months
Dear Sir,
Thanks for your reply. Do you have any department notification for the above interest workings ?
Please share me.
Thanks & Regards,
M.Shanmugasundaram
Mr. Shanmugasundaram..
Please read sectiion 201(1A) of Income Tax Act
Thanks,
Mahesh
Thank You Sir
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