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Rate of penalty for monthly tds deposit ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2014 Hi


Can anyone please let me know,what is the rate of penalty applicable if I fail to deposit the monthly TDS by the 7th of month.
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Guest

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Guest (Expert)
01 July 2014 1.5 % per month dear............
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Rupesh Jain

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Rupesh Jain (Expert)
01 July 2014 its @ 1.5% per month or part of month.
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