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Interest on tds

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(Querist)
03 June 2015 hi
i deduct tds on rent as on 15.04.2015 but not deposit to govt. A/c which is due on 07.05.15. so i will decide that deposit on 07.06.15 so how to calculate interest on this amount. plz suggest me.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
03 June 2015 You need to pay interest on late deposit of TDS for 3 months @ 1.5% per month. So interest payable will be 4.5% of the TDS amount.

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