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How calculate interest on tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 September 2013 How to Calculate TDS Interest Date of Payment 01-05-2013 TDS is 2250.00
TDS Paid on 06-07-2013.
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Ganeshbabu K

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Ganeshbabu K (Expert)
11 September 2013 Sec.201(1A)

interest on tds is to be caluculated for the period from the date of deduction of tds to date of payment of tds
.
.
so interest for 3 months at the rate of 1.5% permonth

[ part of month also considered as month for caluculation of interest]

So interest on tds is =2250*3*1.5%
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
11 September 2013 If you haven't deducted TDS then the Rate will be 1 percent per month or if deducted then follow the expert advice...
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