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rate of interest

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(Querist)
06 May 2011 what is rate of intt. for late deducting TDS and Late depositing the TDS
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CA Navin Jain

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CA Navin Jain (Expert)
06 May 2011 suppose tds has deducted in the month o
f april and deposited in the month of june then interest to be calculated @ 1.5% PM for the two month.

suppose tds was should de deducted in the month of april but deducted in the month of june then interest to be calculated @ 1% PM for the two month.
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
06 May 2011 Interest on late deduction of TDS is 1% per month whereas it is 1.5% per month for late deposit of TDS.
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