Tds late payment interest rate for march-2018

M.Shanmugasundaram (Accounts) (234 Points)

08 May 2018  

Sir,

We deduct TDS Amount Rs.46752/- on 30.03.2018. And Paid on 05.05.2018.

1) What is the current TDS Interest Rate ?

2) How many months want to pay TDS Interest ?

  My Workings as  46752 x 1.5% x 2 Months = Total Interest Rs.1402/-

It is correct ..?

 

Thanks & Regards,

M.Shanmugasundaram