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Excel formula for calculation of interest on tds

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(Querist)
23 July 2013 What formula to be applied in excel work sheet for calculation of interest on tds?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 July 2013 Just apply interest rate on 1.5% per month multiplied by number of months delay
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chillakuru chaitanya

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chillakuru chaitanya (Querist)
24 July 2013 As part of month is to be treated as month .so how to get excel formula
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 July 2013 count as delay in 30 days and balance days round off to month or provide details and mail id to send

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