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TDS interest rate

28 May 2019

hi . I have deducted TDS on my employee salaries for the month march. till date I did not pay TDS to Govt. if I pay TDS now what is the interest . and how to calculate TDS

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3 Replies

sheela More (student) (343 Points)
Replied 28 May 2019

TDS default for 3 months at 1.50% PM (tlll 31.05.2019.)

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Naimish Sanghvi (46 Points)
Replied 28 May 2019

Interest on Late payment
When TDS is not deducted – 1% per month or part thereof, for the period from the date on which TDS is deductible/collectible to the date on which TDS/TCS is actually deducted/collected.
When TDS is deducted but not paid – Interest at the rate of 1.5% per month or part thereof, for the period from the date on which TDS is actually deducted/collected to the date on which such TDS/TCS is actually paid.