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Interest on late payment of tds

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(Querist)
09 June 2013 i was deduct tds on 2nd April & deposit it to 6th june . the 1.5% interest is levied but how many month the interest of late payment is levied.
If i deposit above tds on 10th june then how many number of month the tds of late deposit is levied
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Ganeshbabu K

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Ganeshbabu K (Expert)
09 June 2013 Interest is to be caluculated for the period from the date of deduction to the date of deposit of tds..

in your case interest for the period is
=(2nd april to 6th june)
=2months+4days
part of months also to be considered as full month for the purpose of interest caluculation

Deposited:6th june

So interest to be caluculated for the 3 months @ 1.5% permonth.

Deposited: 10th june:

same as above
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