RATE OF INTEREST ON LATE PAYMENT OF TDS

This query is : Resolved 

19 May 2011 Dear Sir/Madam,

What is rate of Interest of on Late payment of TDS??

Regards,
Shrishail.

19 May 2011 1.5% per month or part of a month from the date of deduction to the date of payment.

19 May 2011 it is (a) 1% for every month or part of the month from the date on which TDS was deductible to the date of on which tds deducted
(b) 1.5% for every month or part of the month from the date on which TDS was deducted to the date of on which tds actually paid/deposted.


19 May 2011 1.5% p.m. for late payment of tax from the date when it was deducted to the date when it was paid.



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