Rate of penalty for monthly tds deposit ?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2014 Hi

Can anyone please let me know,what is the rate of penalty applicable if I fail to deposit the monthly TDS by the 7th of month.

Guest

Guest (Expert)

01 July 2014 1.5 % per month dear............

Message likes : 1 times

Rupesh Jain (Expert)
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01 July 2014 its @ 1.5% per month or part of month.

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