E-tds interest

This query is : Resolved

Guest

Guest (Querist)

10 August 2012 Dear Friends / Experts,

Please answer my following queries :

What is Late Payment Interest Rate till Date of Deposit of Tax ?

Ans : ..................

What is the Late Payment Interest Rate from Date of Deposit of Tax till Date of Processing ?

Ans : ..................

Thanks.

Naresh Kansala

Naresh Kansala (Expert)
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11 August 2012 If TDS is not deducted then its 1%/month for month or part there off from the month in which TDS have to be deducted to the date of payment.

If TDS is deducted but not paid then its 1.5%/month for month or part there off from the month in which TDS have to be deducted to the date of payment.