Tds related

Lets start

1. If you have deducted tax in April 2016 then due date for payment is 7 May 2016

As per section 201 of IT Act. you are liable to pay interest @ 1.5% P.M or Part of the Month.

Now lets calculate 3600 x 1.5% X 9 Months (May 2016 to Jan 2017) = Rs. 486 (Now you can deposit TDS Challan same till 7th Feb 2017 since interest in Paid till Jan 2017)

2. Since you have not filed TDS return the penlty is applicable

As per Section 234E Late filing fees will be levide @ Rs. 200 per day but this penlty is restricted to TDS Amount

Since therefore Late Filing Penlty is Rs. 3600/-

Now you have to PAY 3600(TDS) + 486 (Interest) + 3600 (Penlty) = 7686

Hope this information will help you.

For help related to filing of TDS return Pls contact me via personal message, I will providing serivce related to TDS return filing at nominal charges