Tds interest calculation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 February 2015 M/S A had not Deducted TDS on contract bill because their bill did not cross the limit but in the month of December-2014 contract exp. exceeds 75000 thus they have to deduct tds.

My Question is how much interest should be paid on it please check my calculation.

MONTH
1)Jul-14
2)Oct-14
3)Dec-14

AMT
1) 14715
2) 23691
3) 44564

DATE OF DEDU.
1) 02/02/2015
2) 02/02/2015
3) 02/02/2015

tds@2%
1) 294
2) 473
3) 891

1% int
1)24
2)24
3)27

these all will paid in the month of feb-2015

please reply as soon as possible
It's urgent

thanks in advance

@VaibhavJ

@VaibhavJ (Expert)
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03 February 2015 Hi

When limit exceed threshold limit TDS to be deducted on total amount without any Int. on that. if TDS is paid on time.

Thanks!!
@VaibhavJ