Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 October 2012 sir,

TDS deposit date is 7th of every month. if payment made late i.e. upto which date one month and two month late interest paid.

Lakshmi Prasad

12 October 2012 If TDS not deposited on the before 7th of next month from the deduction month then intrest will be levied @ 1% for a month basis of the TDS amount.

And if TDS has been deducted but not deposited to the Government then Interest rate would be 1.5%.

And for Intrest calculation month will be taken in which month tax has been deducted.



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