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TDS PAyment Date

TDS / TCS 254 views 5 replies

Please send us TDS Payment original  date  for the month shown below:

APRIL,2020, MAY,2020, JUNE,2020, JULY,2020, AUG,2020

if  INTEREST will CHARGE then what is the rate of Interest Value for this above months

 

 

Replies (5)

TDS payment date- 7th of the following month. 

Rate of Interest @ 1% simple interest from the date TDS was deductible to the date on which TDS is deducted and 1.5% in case TDS is deducted till the date on which tds is actually paid in case paid TDS after due date. Part of the month is calculated as full month while calculating the interest.

 

Someone said us for covid purpose payment date &rate of interest changed this year

In case payment is made beyond  date of 30 June 2020 for   APRIL,2020, MAY,2020 then rate of interest would be 0.75%

What is the due date for the 4th Quarter 24Q

Due Date for Q4 24Q is 24 July 2020


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