Tds late payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2012 Dear Sir/Madam, i am confused when should one charge interest 1% and 1.5% on late payment of TDS

26 May 2012 i) 1% from the date on which tax is deductible to the date of deduction.
ii) 1.5% from the date of deduction to the date of actual payment date.

26 May 2012 From the date tax deductible to date of actual deduction -1%.

From the date of deduction to date of deposit-1.5% P.m/ or part thereof




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