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.

09 March 2016 on the total amount you have to compute interest not on the basic.

09 March 2016 Calculate on Rs. 27000 .....




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries