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Tds interest % and days

This query is : Resolved 
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(Querist)
04 May 2012 Dear Sir,

bill booked as on 31st Mar 12 and TDS payment date 30th April 12, but we have not paid the TDS payment as on 30th April 12, now today 04.05.2012 we have paying the TDS payment.

Please advice Interest rate and how many days/months we have to pay interest.

Regards,

Malcome
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CA Navin Jain

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CA Navin Jain (Expert)
04 May 2012 interest will be paid fro 2 months @ 1.5% per month
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SHILPA

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SHILPA (Expert)
04 May 2012 IT IS FROM THE DATE ON WHICH THE TAX IS DEDUCTED TO THE DATE ON WHICH SUCH TAX IS ACTUALLY PAID

1.5% P.M. OR PART OF THE MONTH
therefore 2 months from 01.04.2012 to 30.04.2012 and may month
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CA Navin Jain

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CA Navin Jain (Expert)
04 May 2012 @ Shilpa, if tds has been deducted on last date of the month then that month not count for the calculation of interest.
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