TDS interest rate

This query is : Resolved 

30 March 2011 Dear Sir,
Monthly We have deducted Rs.1800 as TDS from Rent but we have not paid so far, whatis the interest rate

Thanks

30 March 2011 Interest Rate 1.5% per month or part thereof (w.e.f. 01.07.2010, prior to this Rate was 1%)

30 March 2011 you have to pay the amount along with a Simple interest of 1.5% for a month or part there of from the date of default to the date of payment




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