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Interest on tds for belated pymt

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(Querist)
24 December 2014 1 of my client (a company) remitted tds for the month september on 08/10/2014 i.e., Delay by 1 day.TDS amounts to Rs.1035000.I know Interest to be charge 1.5% for whole or part month thereof.
I want to know how to calculate interest amount on belated pymt for this case.pl reply with ur workings....
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 December 2014 You have to remit two month interest including for September being the deducted month. Calculate 3% on the above amount.
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Rupesh Jain

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Rupesh Jain (Expert)
24 December 2014 you have to calculate the intt for two month @ 3% on tds amount.




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