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06 August 2016 TDS July 2016 tax is we are paying on 9th of this month. what is the interest rate applicable?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 August 2016 Interest @ 1.5% per month. So you will have to pay 3% interest. Even for delay of 1 day 3% interest will be paid i.e. for July & August.

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