Neeraj Kumar Rohila asked 4 years ago
TDS under income tax
How much interest is to be paid in the delay of payment of TDS
Answer the question1 Answers
CA Abinash Pattanayak answered 4 years ago
If TDS related to before 14th May 2020 then the rate for late payment of TDS is 1.5% per month or part of the month. But if it is related to after 14th May 2020, then the interest would be 0.75% per month or part of the month.
The computation of per month or part of the month is from the date of deduction to the month of actual payment to the exchequer.
