Calculation of interest
This query is : Resolved
09 March 2016
EXPERTS,
I HAVE TDS ON SALARY FOR THE MONTH OF FEB-2016 IS 27000.
DETAIL ARE GIVEN BELOW
BASIC AMOUNT. = 26215
EDUCATION CES @ 3% = 786
TOTAL = 27001
IF I WILL DEPOSIT TDS TODAY ( 09.03.2016) THEN INTEREST WILL PAYABLE @ 3% (1.5%*2=3%). SIR I WANT TO KNOW THAT ON WHICH AMOUNT I WILL DEPOSIT TDS . IN BASIC AMOUNT OR TOTAL AMOUNT.
THANKS IN ADVANCE FOR YOUR QUICK REPLY.
I HAVE TDS ON SALARY FOR THE MONTH OF FEB-2016 IS 27000.
DETAIL ARE GIVEN BELOW
BASIC AMOUNT. = 26215
EDUCATION CES @ 3% = 786
TOTAL = 27001
IF I WILL DEPOSIT TDS TODAY ( 09.03.2016) THEN INTEREST WILL PAYABLE @ 3% (1.5%*2=3%). SIR I WANT TO KNOW THAT ON WHICH AMOUNT I WILL DEPOSIT TDS . IN BASIC AMOUNT OR TOTAL AMOUNT.
THANKS IN ADVANCE FOR YOUR QUICK REPLY.
09 March 2016
on the total amount you have to compute interest not on the basic.
09 March 2016
Calculate on Rs. 27000 .....
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