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late deposit of tds

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(Querist)
04 May 2011 if we deduct tds after expiry period and if we deposit tds after expiry of last date then what rate of interest we have to pay and is there any amendment regarding tds interest rate (from 1% to 1.5%)
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
04 May 2011 w.e.f 1/7/10 :

1% per month interest for late deduction of TDS &

1.5 % per month on late deposit of TDS.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
04 May 2011 for more details :

http://www.simpletaxindia.org/2010/02/interest-rate-on-late-deposit-of-tds.html
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