Contact Us
    ×

    How is interest calculated on late payment of TDS?

    Answered 21-Oct-2022

     When TDS is 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

    0 0 70 views