How to calculate interest on tds

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Dear sir

 

My company taken loane  9,00,000/- for the last year nov-10. every month paid the interest Rs/- 9000 , every month deducted the tds 900/-. but  deducted the tds is not paid .

for the last five monthes is deducted tds 900*5=4500 in the amount calculate the interest

please clarified the doute sir

Thanking you

G.O.REDDY

 

Replies (3)
Interest on tds @ 1.5%pm from date of deduction of tds to date of deposit shall apply

INTERST SHOULD BE APPLY @ 1.5% P.M FROM THE DUE DATE OF  TDS

IF YOU DELAY FOR ONLY 1 DAYS THEN ALSO YOU HAVE TO PAY INTERST FOR FULL MONTH

IF ANY FURTHER IF YOU PAY TDS IN NEXT MONTH THEN YOU HAVE TO INTERST FOR 2 MONTH

TDS Deduct Rs.2000/- on 25/7/11 todays we will paying
now what is the TDS interest Amt. please suggest me on urgent basis

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