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tds late deposit intt.rate

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(Querist)
24 May 2010 what is intrest rate if tds late deposit & intt.calculate monthly/day
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
24 May 2010 Rate 1% per month
wef 01/07/10 - 1.50% per month

Interest to be paid on monthly basis. Part of a month shall be taken as 1 month.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 May 2010 AGREE
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