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Tds late payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2012 Dear Sir/Madam, what is the rate of interest on late payment of TDS. is it 1.5% or 1%
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
26 May 2012 Interest rate for late deposit of TDS is 1.5% per month.
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
26 May 2012 YES AGREE WITH ABOVE EXPERT...
INTEREST RATE IS 18% PER ANNUM.ie 1.5% per month.
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