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Tds interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2013 Hi, i ask query about tds interest calculation as i short deduction about 194c contractor for the month of May'12 payment paid on June'12 6th i have noticed short deduction after June'12 payment will added on July '12 paid in short + current month TDS both. but now my query is how i calculated interest for the one month.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 September 2013 One month interest 1.50% per month or part of month
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