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interest rate of tds for late payment

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29 November 2010 what is rate of interest for late paymet of tds frm 01.07.2010
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
29 November 2010 Interest on late payment of TDS has been increased from 12 to 18 % per annum wef 1 st july 2010
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
29 November 2010 1% per month or part of the month - for the period between due date of deduction of TDs and actual date of deduction.

1.5% per month or part of the month - for the period between due date of payment of TDS and Actual date of payment.
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