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Tds interest calculation

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(Querist)
27 October 2012 Hi,

in case of proprietor ship firm, If we make the TDS payment quarterly after 15days of due date of payment, then how we calculate the interest on it and on which rate ?
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CA. Sunil Kumar

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CA. Sunil Kumar (Expert)
27 October 2012 1.5% per month or part thereof
On the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid.
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