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Tds interest rate

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(Querist)
10 July 2012 Hi,

Late payment of TDS, Interest rate is 18% or 12% Pls clarify

Rgds
Kamal
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
10 July 2012 18% APPLICABLE CURRENT RATE.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
10 July 2012 12% if you didn't deduct TDS on which you was supposed to deduct TDS
18% if you didn't deposit TDS on due date

so in your case which is late deposit of TDS is 18% sec 201(1A)
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