07 April 2009
Dear Sir, TDS on Salary on one of the Employee Comes Rs.800/-. the Same is Ded.from his March Salary & Deposited with Govt. Treasury before 7th of Next Month.
My Question is What % of Interest to be Levied for Late Ded of Tax on Salary of this case ?
07 April 2009
If the amount is only rs.800 as given above and since there is a meagre dealy the interest is only Rs.8/- which you need not pay because less than rs.10 may be waived.