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Delay in TDS payment

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(Querist)
16 June 2011 Dear Sir, Delay in TDS payment, if i fails to do payment on 7th of every month, i.e on 7th june, but i paid on 8th June on wards then how many months has to calculate interest and rate of interest.
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CS Bijoy

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CS Bijoy (Expert)
16 June 2011 According to me interest will calculated for the period started from when it is due and to the time of payment.
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Kapil Nyati

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Kapil Nyati (Expert)
16 June 2011 u/s 201 - 1.5% per month



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Gajjala Satheesh

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Gajjala Satheesh (Expert)
21 June 2011 Dear Sir,

i have not paid the TDS for this month. How much interest should I pay along with TDS.

Kindly advice me the percentage.

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