part of a month – Page 2

Calculation of Late Payment Interest

If the tax is deducted on 8th June it becomes due on 7th of next month i.e. 7th July (except for March for which it…

If tax was deductible on 2nd June (i.e. at the time of giving credit or actual payment of the dues whichever is earlier) but was…

If the tax is deducted on 8th June it becomes due on 7th of next month i.e. 7th July (except for March for which it…

If tax was deductible on 2nd June (i.e. at the time of giving credit or actual payment of the dues whichever is earlier) but was…

The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government…

In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to…

The due date for deduction is either at the time of giving credit or payment of the dues, whichever is earlier. Late deduction happens in…

If tax was deductible on 2nd June (i.e. at the time of giving credit or actual payment of the dues whichever is earlier) but was…

If the tax is deducted on 8th June it becomes due on 7th of next month i.e. 7th July (except for March for which it…

The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government…