TDS penalty

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2011 Dear sirs,

We want to know what is rate of penalty applicable for TDS delayed (payment after 7th) total TDS amount is near 13 Lacs

08 February 2011 The interest on delayed payment of tds is 1% per month or part thereof.

08 February 2011 W.e.f 1/7/10, rate of interest on late payment of TDS is 1.5 % per month or part thereof, to be calculated from the date of TDS deduction.


08 February 2011 https://www.caclubindia.com/articles/all-you-want-to-know-about-tds-7882.asp

For details see above article.



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