Tag Archives: part of a month

Calculation of Late Deduction interest

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 deducted on 3rd ┬áJune then… Read more »

Difference between Late Payment & Late Deduction

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 account by 7th of the… Read more »