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TMI BlogInterest on TDS Deducted But not PaidX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Tds is Deducted on 20/01/2013, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,000 X 18%X 4days/365days= 20/-) But one of my freinds said that i should calculate interest for one month Whichever is correct either tds interest calculate on days basis or month basis Kin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dly replay me. Thanking You - Reply By Sanjeev Sharma - 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -half per cent for every month or part of a month on the amount of 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 Deductio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n - 20/01/2013 Date of Deposit - 11/02/13 - It is 22days ,therefore interest is to be paid @ 1.5% for one month ( month or part of the month) i.e. RS 150.00 - Interest on TDS Deducted But not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Paid - Query Started By: - guna ch Dated:- 13-2-2013 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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