Interest on tds

This query is : Resolved 

10 December 2011 We are paying TDS amt of Rs 38000.00 for the month of November 2011 in 12th December 2011.
Plz let me know the amt of interest we have to pay?

Thanks....

10 December 2011 Interest payable = 38000 X 1% X 2
= INR 760



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