Interest on late deduction of tds

This query is : Resolved

DHEERAJ KUMAR (Querist)
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22 July 2015 Sir
I HAD TO DEDUCT 10000 TDS ON 25.6.15 WHICH I FORGOT

BUT I DEDUCTED THE TDS ON 21.7.15, NOW TELL ME HOW MUCH INTEREST IS PAYABLE

TELL BOTH
INTEREST ON LATE DEDUCTION OF TDS
&
INTEREST ON LATE DEPOSIT OF TDS CONSIDERING THAT TDS WILL BE DULY DEPOSITED ON 7.8.15

Regards
Dheeraj Kumar

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 July 2015 Interest on late deduction to be paid for 2 months (June & July) @1% per month. No interest required to be paid if TDS is deposited on or before 07.08.2015.