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Interst rate for delayed TDS Payment

This query is : Resolved 
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(Querist)
13 July 2010 Kindly provide me interest rate for the delayed in tds payment and how to calculate it ?
eg.
Booking date Bill Amount TDS
30.04.2010 369340 7386.8

Amount till not deposited
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 July 2010 Up to the period 30.6.2010 - interest 1% per month or part of the month

From 1.7.2010 need to calculated - Interest 1.50% per month or part of the month

So May & June = 2 %
July= 1.50%
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
13 July 2010 AGREE WITH RAMESH JI.
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Prashant

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Prashant (Querist)
13 July 2010 in above situation if payment is made before 5th of Aug 2010..then interst need to be paid for august also ??
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
13 July 2010 Yes, Aug will also counted for delay payment
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