Dear all please help... its urgent

DEEPAK JANGRA (Articleship under Naresh Jai & Associates) (95 Points)

08 February 2014

i deducted tds of my creditor Rs 5000 on 31st January but will be paying it on 8 february. how much interest would i have to pay.

Thanks in advance.

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5 Replies

(Guest)

Rs 5000* 1%*1 month=Rs 50

ANAND S (student) (162 Points)
Replied 08 February 2014

Interest 1.5% for late payment of tds and default period from the month of deduction so 2month*1.5% = 3% interest you have to pay

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(Guest)

I agree with 1.5%.

ANAND S (student) (162 Points)
Replied 08 February 2014

Here find attached due date and interest calculater which i designed kindly offer your comments

Attached File : 433510 1283508 formula.xlsx downloaded: 194 times

ANAND S (student) (162 Points)
Replied 08 February 2014

please find attached

Attached File : 433510 1283509 formula.xlsx downloaded: 189 times

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