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Failure to deposit tds on salaries after deducting

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 January 2013 LATE DEPOSIT OF TDS DEDUCTED FROM THE EMPLOYEE OF KENDRIYA VIDYALAYA WILL ATTRACT INTEREST ?
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srinivasan

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srinivasan (Expert)
09 January 2013 only employer has to pay interest @ 1.5% per month in the case of late remittance where the TDS has been deducted but remitted late.

No liabiltiy of interest to the employee

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