Interest on tds late paymnet

This query is : Resolved

omkumar (Querist)
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08 February 2016 sir we have deducted TDS in the month of Jan 16 Rs/- 27834 but we have not deposited on due dates i.e on 7 Feb . we pay TDS online
every time.
Will interest charged on TDS ? and for how many month

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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08 February 2016 Interest u/s 201 for late payment of TDS is payable from the date on which tax was deducted to the date on which it is deposited.
So you have to calculate interest for each entry from the date on which it was deducted to the date on which it was deposited.

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