Tds short deduction interest

CA Abhishek Goyal (Chartered Accountant) (516 Points)

28 October 2013  

Hello,

i m confused in TDS short deduction interest calculation. 

how to calculate TDS short deduction interest from following details.

Deduction date is 04/12/2012

Payment date is 04/02/2013.

Contract amount is 74400.00

short deduction amount is 744.20 rs. 

as per my calculation short deduction amount is 42 rs. but in NOTICE there is 77 rs. demand.