Tds late payment

This query is : Resolved 

03 February 2014 What is the consequences on late payment of TDS deducted.

03 February 2014 How is delayed time calculated in case of late payment of TDS?
For example: in march installment as the due date is April-30, if the TDS paid on 07th May whether the delayed time should taken as one month or two months...?

03 February 2014 Interest will have to be paid on late deposit of TDS @ 1.5% per month.

Period of default to be calculated from the date of deduction of TDS and not from the due date of payment.

03 February 2014 Interest will charged in that case...

04 February 2014 Thank You for your valuable replies.

My confusion "whether to pay interest from date of deduction or from due date" is clarified with your answer.

once again thank you


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