Section 201 interest
Section 201(1A) charges interest for TDS defaults: 1% per month for late deduction and 1.5% per month for tax deducted but deposited late.
Formula
Late deposit interest = TDS × 1.5% × months
Example: ₹50,000 TDS deposited 2 months late → ₹1,500 interest.
Related terms
General information, not tax, legal or accounting advice. Thresholds and timelines change by notification — confirm applicability with your CA, CS, or lawyer.
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