Tds interest calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2015
M/S A had not Deducted TDS on contract bill because their bill did not cross the limit but in the month of December-2014 contract exp. exceeds 75000 thus they have to deduct tds.
My Question is how much interest should be paid on it please check my calculation.
MONTH
1)Jul-14
2)Oct-14
3)Dec-14
AMT
1) 14715
2) 23691
3) 44564
DATE OF DEDU.
1) 02/02/2015
2) 02/02/2015
3) 02/02/2015
tds@2%
1) 294
2) 473
3) 891
1% int
1)24
2)24
3)27
these all will paid in the month of feb-2015
please reply as soon as possible
It's urgent
thanks in advance
My Question is how much interest should be paid on it please check my calculation.
MONTH
1)Jul-14
2)Oct-14
3)Dec-14
AMT
1) 14715
2) 23691
3) 44564
DATE OF DEDU.
1) 02/02/2015
2) 02/02/2015
3) 02/02/2015
tds@2%
1) 294
2) 473
3) 891
1% int
1)24
2)24
3)27
these all will paid in the month of feb-2015
please reply as soon as possible
It's urgent
thanks in advance
03 February 2015
Hi
When limit exceed threshold limit TDS to be deducted on total amount without any Int. on that. if TDS is paid on time.
Thanks!!
@VaibhavJ
When limit exceed threshold limit TDS to be deducted on total amount without any Int. on that. if TDS is paid on time.
Thanks!!
@VaibhavJ
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