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tds

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(Querist)
27 April 2011 I paid advance to contractor on 16.02.2011 but tds deducted on 12.03.2011 and tds deposited on 03.04.2011. Now my query is interest on tds applicable for how many periods and what rate.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
27 April 2011 for Late deduction > 1 % for (16/2/11 to 12/3/11).

Foe late deposit > 1.5 % for (13/3/11 to 03/04/11)

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