TDS INTEREST
This query is : Open
26 May 2009
Dear All
How to Calculate interst on TDS,
If my TDS payable for the month of April Rs 149286/- Due Date 07/05/2009
Paid on 15/05/2009
How to Calculate interst on TDS,
If my TDS payable for the month of April Rs 149286/- Due Date 07/05/2009
Paid on 15/05/2009
26 May 2009
You need to pay interest @1% per month or part of the month. In this case the interest liability shall be 1493/-, i.e 1% of 149286/-.
26 May 2009
one of the expert clarifies that
149286 R Off 149300
149300*2/100= 2986 (april and may for late payment)
Rs 2986/-
which answer is right
149286 R Off 149300
149300*2/100= 2986 (april and may for late payment)
Rs 2986/-
which answer is right
26 May 2009
if Tds has been paid late then interest will be applicable
from the date of deduction of TDS/date on which Tds is Deductible
To date of actual payment of TDS.
01.04.2009 to 01.05.09-One month.
02.05.2009 to 08.06.09-part of month =one month
from the date of deduction of TDS/date on which Tds is Deductible
To date of actual payment of TDS.
01.04.2009 to 01.05.09-One month.
02.05.2009 to 08.06.09-part of month =one month
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