Interest on late payment of TDS for Apr 20
This query is : Open
26 May 2020
Dear Sir,
Kindly confirm the rate of interest to be paid if I fail to pay Apr 20 TDS payment by 07th May 20 and for how many months it has to be paid.
Kindly confirm the rate of interest to be paid if I fail to pay Apr 20 TDS payment by 07th May 20 and for how many months it has to be paid.
26 May 2020
For delayed payments of advanced tax, self-assessment tax, regular tax, TDS, TCS, equalization levy, STT, CTT made between 20th March 2020 and 30th June 2020, the reduced interest rate at 9% instead of 12 %/18 % per annum ( i.e. 0.75% per month instead of 1/1.5 percent per month) will be charged for this period. No late fee/penalty shall be charged for delay relating to this period.
29 May 2020
0.75% p.m. for April and May if you pay before 31/05
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