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Tds

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Querist : Anonymous (Querist)
16 May 2012 what is the interest rate on late payment of TDS for the f.Y. 2011-2012. and how to calculate?
if possible please provide me Tds working sheet for other than salary.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
17 May 2012 Interest on delayed payment of TDS is 1.5% per month from the due date of deposit till the date of deposit.

Part of the month will be considered as full month.
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