Interest on late payment of Tds

This query is : Resolved

P A RUPESH RAMNATH (Querist)
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18 November 2010 Dear Sir

We have deducted Rs.60000 on 31.03.2010 for rental payment and paid into govt account on 25.09.2010.

I want to know the following

a. Due date of payment for deduction made on 31.03.2010

b. No of months of default

c. Rate of interest

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 November 2010 Due date:

If deducted on payment 07/04/10
If deducted on Prov 31/05/10

No of Months of Default--

April to Sept 6 months

Interest @ 1% till 30.06.10
interest @ 1.5% from 01.07.10

Total Interest---(7.5% on Rs 60000/-)

April To June---(1*3)3%
July To sept (1.5*3=4.5%)

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