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Interest on TDS

This query is : Resolved 
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(Querist)
15 December 2009 Hello Friends,

I have a query in my mind, suppose i have deposited TDS of Rs. 1236 on 8th August 2009 for which due date is 7th August 2009, Now question is whether interest on late deposit of TDS will be calculated till current date or only for 1 month. Because interest is calculated for the month or anypart thereoff.

I have done audit the same in the month of November, 09, Whether interest will be calculated till novermber end i.e for 4 months or for 1 month i.e only for the delayed period.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
15 December 2009 Interest @1% for one month only.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 December 2009 Interest is to be calculated from the date on which tax was deductible AND NOT FROM THE DUE DATE OF PAYMENT to the date on which it is actually paid.
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Azmathullah Khan

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Azmathullah Khan (Expert)
15 December 2009 12% Per annum, minimum 1 month, if more than 1 month you can calculate the days. Pls suggest
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CA Sumit Arora

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CA Sumit Arora (Querist)
15 December 2009 Thanx for your support.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
15 December 2009 I think I should be @ 1% on Deposit/TDS amount Calculation from TDS Deducted date/month to Interest Deposited Date/month @ 1%
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