Excel formula for calculation of interest on tds

This query is : Resolved 

23 July 2013 What formula to be applied in excel work sheet for calculation of interest on tds?

23 July 2013 Just apply interest rate on 1.5% per month multiplied by number of months delay

24 July 2013 As part of month is to be treated as month .so how to get excel formula

24 July 2013 count as delay in 30 days and balance days round off to month or provide details and mail id to send


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