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TDS INTEREST

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(Querist)
30 March 2011 DEAR SIR,
WHAT IS THE INTEREST RATE FOR LATE PAYMENT OF TDS
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
30 March 2011 1% per month for late deduction &

1.5 % per month for late TDS deposit (to be calculated from the actual date of deduction)
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
30 March 2011
For late deduction of TDS , 1 % simple interst

For late payment of collected TDS 1.5 % simple interest
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