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Tds interest calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2015 M/S A had not Deducted TDS on contract bill because their bill did not cross the limit but in the month of December-2014 contract exp. exceeds 75000 thus they have to deduct tds.

My Question is how much interest should be paid on it please check my calculation.

MONTH
1)Jul-14
2)Oct-14
3)Dec-14

AMT
1) 14715
2) 23691
3) 44564

DATE OF DEDU.
1) 02/02/2015
2) 02/02/2015
3) 02/02/2015

tds@2%
1) 294
2) 473
3) 891

1% int
1)24
2)24
3)27

these all will paid in the month of feb-2015

please reply as soon as possible
It's urgent

thanks in advance


03 February 2015 Hi

When limit exceed threshold limit TDS to be deducted on total amount without any Int. on that. if TDS is paid on time.

Thanks!!
@VaibhavJ


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