194c contracats payement

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DEAR Sir,

194C contact payment  for securities deducted 1% 1872/- on amount of Rs.187195   now  i  have pay tds with interest how much arrive can u help to us.  on Rs,.187195/-  with interest amount.

Replies (2)

For TDS late payment rate of interest is 1% On tax decuted amount (1872) per month or part of the month.

For late deduction interest is charged at 1% per month or part there of . For late payment interest is charged @ 1.5% p.m or part there of.

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