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Interest on tds

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(Querist)
29 May 2013 if TDS deposited in the month of May 2013 for the Amount of TDS of month of March 2013 then for how many months interest will be calculate.
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Rupesh Jain

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Rupesh Jain (Expert)
29 May 2013 2 MONTH INTT TO BE DEPOSITED @ 1.5 PER MONTH = 3 % ON TOTAL TDS AMOUNT
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Ganeshbabu K

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Ganeshbabu K (Expert)
29 May 2013 Please provide date of deduction of tds and date of deposit of tds

interest for the period is caluculated as below

(date of deduction of TDS to date of deposit of tds)

So there is a possibility that you need to caluculate tds for 3 months @ 1.5% per month
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