interest on salary tds

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priti (Querist)
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02 February 2011 if salary of dec paid on 7th jan'2011 & tds deducted still not paid upto 2/2/2011 so how much interest in to be paid - sir pls clarify me as i m not very clear about it.
& also interest to be charged on total i.e. tds + educ. cess +high.edu.cess & how much percentage

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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02 February 2011 Interest is applicable if, on the accrual basis, you have entered the salary due entry on 31/12/10.

So the delay will be counted from 31/12/10.

from 31/12/10 to 30/01/11 : 1.5 % &
31/01/11 to 02/02/11 : 1.5 %

so total is 3 % of TDS including education & higher edu cess.

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