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Interest on tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 May 2018 Can anyone calculate the Interest on TDS for the month of March 2018?

TDS 192B Rs 353950/- Payment will be done today.
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CA Ankit R Momaya

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CA Ankit R Momaya (Expert)
15 May 2018 Interest @ 1.5% p.m. or part thereof is applicable in case of Late payment of TDS. Hence in the above 3% Interest is applicable i.e. Rs. 10,620/- will be the interest.
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 May 2018 Thank you CA Ankit R Momaya Sir.
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