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What is interest rate of Delayed TDS payment?

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Querist : Anonymous (Querist)

14 March 2010 What is interest rate of Delayed TDS payment?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 March 2010 1% per month or part of the month

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G.Ramesh (Expert)
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15 March 2010 Agreed

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 March 2010 ..... from the date on which tax was deductible to the date on which it is actually paid.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 March 2010 It is 1% per month from the date on which tax was deductible till the date of payment.

CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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16 March 2010 1% per month or part of the month from the date on which tax was deductible to the date on which it is actually paid.

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