Delay in payment of TDS

for 3 months

Yes, it is 1% P.M. so calculate the interet accordingly

TDS due date will be considard for month count so in your case i wuld say 2 months interest. ( 7th of next month is due date)

Yeah INTEREST AND PENALTY IS APPLICABLE. AND PLEASE DISCLOSE THE SAME IN tAX aUDIT REPORT

Thanks for your answer Mr. Somani but as per the act the period of calculation of interest is from the date of deduction and not due date. pls give an explanatory ans since I am still confused on the topic.

Delay in payment of TDS attracts an interest of 1% p.m. from the due date.The period of interest is calculated from the due date to the date of actual payment.No pro rata basis,part of the month is 2 considered as as 1 whole month.