Poonawalla fincorp
Poonawalla fincorp

Tds interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2014 Dear Sir,

I have late payment for the TDS of March 31st 2014. I will pay on today so what is the persentge interest on the amount.
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@VaibhavJ

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@VaibhavJ (Expert)
08 May 2014 Hi

Interest on late deposit of TDS is applicable @ 1.5 % per month or part thereof. The period for delay is taken from date of deduction to date of payment.

So int @ 1.5% for 3 months i.e. 4.5%

Thanks

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