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Interest & penalty for tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2016 Sir,

Please give Interest and penalty complete details regarding for delay payment of TDS and delay filing of returns.

25 January 2016 Penalty for Late filing of TDS return:-Rs. 200 per day but penalty can't exceed the amount of TDS deducted
Interest for every month or part of month @ 1.5% of tax not deposited is payable u/s 201(A).

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2016 Madam,
I have not received complete details since there are 1.5% and 1% when it will be applicable.




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