Tds on salaries

335 views 1 replies

Hello every one (except @ e.filer B.Com/ Hyderabad devil)

I paid salaries in Fy 2014-15 in which I was required to deduct and deposit the tax, however,I didn't deduct anything.

My employee has filed his return of his income and paid the tax thereon.

Now as per the provisions I am relieved from deduction and payment of TDS on said salary, however, I am still liable to pay interest.

My questions are

1) whether I am still liable to file TDS return for previous year?

2) how much interest i am required to pay i.e. rate and period?

 

Replies (1)
Interest u/s 201(1A) ---- 1.5 % per month or part of a month from date on which TDS was deductible till ITR is furnished by employee.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details