interest on late payment of TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 January 2011 Sir,

Will you pls explain me solution of the following problem.

If my client has made payment of Commission to Mr.x (an Individual)of Rs. 15000 on 16/04/2010 and he is going to deposit the said Tax on 23/01/2011. How much interest is he liable to pay on the same? pls illustrate the calculation of interest;

Waiting for your reply.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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20 January 2011 For April / May / June = 1 % for each month (Rs. 150/- for each month)

For July to January = 1.5 % for each month (Rs. 225 for each month)