Calculate tds interest

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abhishek singh (Querist)
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14 December 2011 month
tax deducted
feb 2011 - 10000
mar 2011 - 10000

date of payment
31/08/2011

calculate interest ?
thanks in advance
my id abhipcc@Rediffmail.com

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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15 December 2011 For tds deducted but not paid interest will be charged @1.5% per the month for delay period. In your case for Feb -11 deducted tds due date is 7 th march,11 so delay period in months is 6 months interest for it is Rs.10000*1.5%*6 = Rs.900
For mar 2011 deducted tds due date is 30th april,2011 so delay period in months is 4 months interest for it is Rs.10000*1.5%*4 = Rs.600 thus total interest payable is Rs.1500(900+600)
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