Tax deduction at source


This query is : Resolved 

26 April 2008 I had not make a payment of TDS which is due from Sept-07 Rs.11000 if I m going to make this payment on 27.04.2008. what the interest amount i have to pay & what is the rate of interest. if this is 1% monthly then how i calculate because 7th of the next month is due date. will this be calculated on daily basis.

please tell me the amount of interest on the above

O.D.SHARMA (Expert)
28 April 2008 dear Pankaj,
U just pay on full months after due date.any months 1-7th days will be grace period,


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