TDS interest

TDS 535 views 2 replies

i have deducted TDS on Director Remmunarration on 30.11.2010 of Rs.34000.but not deposited till date.now i want to deposit the TDS on 05.01.2011.what is the interest rate and amt?

Replies (2)

hii Paresh,

Interest rate on TDS not deposited is 1.50 % p.m.

so Interest wud be...34000 x 1.50 % x 2 months (full as well as part of the month considered as full month) 1020.

Sunil is correct


CCI Pro

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