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Late deposit of tds

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(Querist)
02 September 2014 Dear Experts,

I want to know about what the interest rate on late payment of TDS by a Resident Society ? and on what basis its calculate? i.e Month wise, day Wise,

Tds deposited on 08/08/2014
and bill posted in July month.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 September 2014 1.5% from date of deduction to date deposit for month or part thereof means even for a day u need to take full month

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