tds delay

This query is : Resolved

ANKSS (Querist)
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17 November 2010 If tax which is deducted for the month of sept then it has to be deposited by 7th of oct. it has been provided that int will be levied @1.5% from the date on which tax is deducted till it is deposited.
suppose now tax has been deppdited on 8th, then int will be for 2 months i.e. sept & oct.
is it correct, logically it shud b only for the month of oct

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 November 2010 https://www.caclubindia.com/articles/a-day-s-delay-in-tds-remittance-interest-upto-3--6580.asp

Please see above article for calculation details.

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