Interest on TDS Deducted But not Paid

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Interest on TDS Deducted But not Paid

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....nterest on TDS Deducted But not Paid Query (Issue) Started By: - guna ch Dated:- 13-2-2013 Last Reply Date:- 14-2-2013 Income Tax Got 1 Reply Income Tax Dear Sir, Tds is Deducted on 20/0....

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....1/2013, Rs.10,000/-, Due Date is 07/02/2013 But i unable to pay the amount on due date , i paid the TDS amount on 11/02/2013 with interest of Rs.20/- (10,000 X 18%X 4days/365days= 20/-) But one of ....

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....my freinds said that i should calculate interest for one month Whichever is correct either tds interest calculate on days basis or month basis Kindly replay me. Thanking You Reply By Sanjeev Sharm....

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....a: The Reply: In accordance to Section 201(1A), if there is dely in payment of TDS after deduction, interest is payble at one and one-half per cent for every month or part of a month on the amount of....

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.... such tax from the date on which such tax was deducted to the date on which such tax is actually paid. In this case Date of Deduction - 20/01/2013 & Date of Deposit - 11/02/13 - It is 22days ,therefo....

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....re interest is to be paid @ 1.5% for one month ( month or part of the month) i.e. RS 150.00 Discussion Forum - Knowledge Sharing ....

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Interest on TDS Deducted But not Paid