Non payment of tds

This query is : Resolved

pallavi gupta (Querist)
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05 September 2011 hello sir/mam'

one of my client has paid advertisement exp. of rs. 101250.00 in sep. 15 2010 without deducting tax.

now how much amt of TDS along with interest and penalty is payable by him...

plz show me the calculation also....

Ravikant

Ravikant (Expert)
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05 September 2011 Tds on advertisement contract is 1% if paid to individual / HUF and 2% if Paid to Others

Interest to be Paid :
1% for non deduction per month
1.5% for non payment of TDS per month

e.g .if it is paid to Individual then
TDS is Rs. 101250.00 * 1% = 1012.50
Interest is 1012.50*1%*11 months = 111
+ 1012.50*1.5%*11 months = 167

Total 1012.50+111+167 = 1290.50