Tds queres

1.25% per month 

you have to pay tds for the month within 7 days of next month ( jan 2012 - upto 7 feb 2012)

but for the month of march the due date is 30 april.

so you have to pay the interest for 2 months @ rate of 1.25%.

Since ur TDS liability arised during March,2012 TDS was to be deposited till 30th April 2012 (due date).

Interest liabilty would be as under:-

1) If you have already deducted TDS before 30 th April and not paid within due date then 1.5% for every month or part of month from the date of deduction to the date of deposit to government.

2) If you have failed to deduct TDS by the due date then 1% for every month or part of month from the date on which TDS was deductible to the date of actual deduction PLUS interest liabilty of (1).

pay interest @ 1.5% p.m. for 3 months.

Rate of interest is 1.5% per month.

Delay month considered from march.

Your intt Liability would be Rs 225 (75 X 3)

how to calculate Interest on late e-filing tds return

1.5% per month 

you have to pay tds for the month within 7 days of next month  but for the month of march the due date is 30 april.

so you have to pay the interest for 2 months @ rate of 1.5%.

5000*1.5% = 75, 75*2 = 150 Interest

You are liable to deposite TDS amount cum interest of Rs. 225/-  

1.5% per month.

Interest should be calcullated from the date of deuction to date of payment. fraction of month will be taken as full month

thanks........

sorry for mentioning wrong rate......