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Tds payment with the interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2011 Sir/ Madam

Plase Slove the problem
How to calcualte the rate of interest on basic value& which rate for the financial year-2011-2012.

Basic value Rs. 953
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
25 September 2011 Interst @1.5% if Not Paid to Govt Account.
Per Month or part of Month.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 September 2011 Interest on TDS will be calculated 1.50% per month or part of the month from the date of deduction to date of payment
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