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interest on delayed payment of TDS

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(Querist)
19 January 2010 Pls. let me know what will be interest on defult / delayed payment of TDS
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
19 January 2010 Interest @ 12% per annum or 1% per month is charged in case of late deposition of TDS.

So you can easily calculate it for any number of months
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 January 2010 Section 201(1A) says interest @ 1 % should be paid for every month or part of a month from the date on which tax was deductible to the date on which it is actually paid.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 January 2010 1% every month or part of a month from the due date to the date of payment

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