Rate of interest on late deduction of tds
Hemendra Negi (26 Points)
16 February 2023please advice the rate of interest of late tds deduction.
Example:
tds amount - 300
date of payment 6 may 2022
deduction of tds 15 Feb 2023
Hemendra Negi (26 Points)
16 February 2023
Mitali
(Finance Professional)
(15097 Points)
Replied 16 February 2023
Rate of interest is 1.5%
Interest amount will be 45