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Int on late deposit of tds

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(Querist)
08 July 2009 hello sir i want to know whether int on late deposit of tds is to paid @ 12% p.a or 1% per month or part of the month for F/Y 2008-09 & 2009-10

it's urgent
thanx in advance
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Ratan Sharma

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Ratan Sharma (Expert)
08 July 2009 Hi,
It is 1% per month or part thereof from the the 1st april upto the month in which the payment is made.

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