Tds interest

Yes both intt will be calculated as per section 201. Please check the calulations in this case. 

Regards 

TDS section is 194 j.. Amount = 30000 Tds=3000 Date of deduction= June 2011 Date of payment = today (before march) Interest on late deduction = 3000*1%*34=1020 Interest on late deposit = 3000*1.5%*4=1530 So total amount which I have to pay =5550 Am I correct? And can I treat like I have deducted but not paid? So I can pay only interest on late deposit ..

Ponam 

As i remember that there is condition that the interest and penlaty shall not exceeds the amount of TDS so plz confrim before making payment....

No I think this provision is applicable only in case of late fee u/s 234 E ..and not in case of interest default ..

yah...this is for late return.filling.

Late deposit interest will not be applicable, dear. Only interest for not deducting will be calculated from date of payment/credit made to date of deposit.

U can be charged for late payment interest as you had not deducted.

U can not be charged for late payment interest as you had not deducted.

That means if there is late deduction of TDS then late deposit interest will not be charged...Therefore , only 1% will be charged for late deduction & not 1.5% for late deposit.. Seniors kindly correct if I have drawn wrong conclusion... Thanks in advance...