TDS deposited after due date

This query is : Resolved 

07 April 2008 Dear Sir,

If any interest or penalities will be levy for delay payment of TDS after due date of 7th of Every month. If its what is the interest rate and penality for the same



Pls. inform me at the earliest

07 April 2008 Please let me know the answer

07 April 2008 Interest is charged @ 12% p.a.


07 April 2008 Dear Mr. PRAVEEN Sir,

Thanks for your earliest reply. I have deposited tax on 8th of April 2008 instead of 7th April 2008.
Shall i pay penalty or interest.and what is the rate of that.

07 April 2008 If I am going to pay tds on 08/04/2008 instead of 07/04/2008. Shall i pay interest with tax or penalty with tax or both of them
If applicable give me the rate of that interest.

07 April 2008 still the intt is payable @12 %.

08 April 2008 not only the interest but the expense would be totally disallowed.



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