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tds

This query is : Resolved 
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(Querist)
17 June 2010 If suppose i have deducted tds from my employees salary in the month of dec for nov's salary and paid the same in the month of march what interest i will have to pay for delayed payment of tds
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 June 2010 1% of per month or part of the month and interest need to calculate from the date of deduction to date of payment
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
17 June 2010 1% per month interest payable.

Since deduction in December interest 7%
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