Tds related query

This query is : Resolved

Guest

Guest (Querist)

21 March 2013 HOW TO CALCULATE TDS ON INTEREST?
FOR EXAMPLE:-TDS DEDUCTED ON 30/07/2012 AND PAID TO GOVERNMENT ON 03/12/2012 FOR RS 10000.THEN,WHAT WOULD BE THE AMOUNT OF INTEREST.PLEASE SHOW ME THE CALCULATION ALSO.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 March 2013 Interest on delay payment of interest need to calculate from the date of deduction, and percentage is month or part of month. You deducted on 30/07/2012 and paid on 3/12/2012. July, Aug, Sep, Oct,Nov & Dec 6 months delay so 6 x 1.50 = 9 % interest need to pay