Interest rate on late payment of interest on tds

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Krishan Kumar (Querist)
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13 July 2012 Dear Sir,

Please advice me that there is applicable interest on late payment of interest on tds amount?

if applicable, kindly advise me interest rate.

Best regards,
Krishan Kumar

CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
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13 July 2012 INTEREST RATE IS 1.5% PER MONTH.

Message likes : 1 times

CA M Indani

CA M Indani (Expert)
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28 July 2012 praveen sir is right....% from the date of TDS deduction to date of payment...i.e. starting date will be date of deduction and not due date of payment.