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Radhika P S (Querist)
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09 December 2010 suppose If the company has deducted tax on 12.11.10 and remmitted on 8.12.10,is there is any diff in interest rate if it will be paid after 11.12.10 for the month of dec.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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09 December 2010 If remitted before 11.12.10 interest - 1.5% for 1 month if after then 1.5% for two months i. e. 3%.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 December 2010 Whether remitted on 08.12.10 or 11.12.10 interest 1.5%. But after 11.12.10 (but on or before 31.12.10) interest will be levied @3% for two months.

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Radhika P S

Radhika P S (Querist)
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09 December 2010 thanks for your immediate response