24 February 2012
how to calculate interest on job work which was deductable on dec 2011(on jan 7 2012) Now we are going to pay it on march 7 kindly give the caculation formulae
24 February 2012
If you already deducted TDS on Dec-11 and paying March-2012, then TDS apply 1.50% per month,so Dec/Jan/Feb/Mar- total 4 months 6%
In case tds deductible but you not deducted TDS on Dec-11 and deducting and paying March-2012, then TDS apply 1% per month,so Dec/Jan/Feb/Mar- total 4 months 4%
24 February 2012
If you already deducted TDS on Dec-11 and paying March-2012, then TDS apply 1.50% per month,so Dec/Jan/Feb/Mar- total 4 months 6%
In case tds deductible but you not deducted TDS on Dec-11 and deducting and paying March-2012, then TDS apply 1% per month,so Dec/Jan/Feb/Mar- total 4 months 4%