Interst rate forTDS Late dep. in bank

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2011

What in Rate of Interest for late deposited deducted tds in bank ? for F.Y. 2009-10 & 2010-11

Please send me details on my email id
parmarnj@yahoo.co.in

18 February 2011 Up to 30/6/2020 @ 1% per month or part of a month.
From 1/7/2010 @ 1.50% per month or part of a month from the date on which such tax is deducted to the date on which such tax is actually paid.

18 February 2011 Before 01/07/2010 > it was 1 % per month or part of the month.

From 01/07/10 > 1.5% per month or part of a month calculated from the date of deduction of TDS to the date when its actually paid.




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