tds interest

Mr. Sushant,  delay of TDS payment attracts interest @ 1.5% per month or part of month....

so , intt. amount will be----------2300*1.5%*3

plz correct me if m wrng

No, its wrong the correct calculation is 2300*1.5%*3=103.50 as the interest rate 18% per annum (18%/12) 1.5% per month in your calculation you again divide 12 or you can calculate like 2300*18%/12*3=103.50

Agreed with Mr. Jaganathan....