Interest on late deposit of tds

Dear Lekhraj,

Interest on TDS is to be computed @ 1.50% from the day expense was booked or paid, whichever is earlier, till it is actually paid. hence TDS will be for 3 months.

no, it is 2months 

interest period taken from the tax deducted  

Interest will be charged at 1.5% per month or part there of. So, default is only 2 month, i.e., may and jun. Therefore, interest will be charged @ 3%.  TDS Software

INTEREST CHARGED WILL BE ONLY FOR 2 MONTHS ( @ 3%) IE IST MONTH-- 1/04/2013 TO 30/04/2013

2ND MONTH--01/05/2013 TO 12/05/2013.

DEAR ALL,

INTEREST WILL BE CHARGED FOR 3 MONTHS. i.e from date of deduction (month) to date of deposit of tds (month).

In your case, you deduct tds for the month of march ,2013 on 31.03.2013 , then, you pay the same on 13 may 2013. the interest calculation as given below:-

March - 1 month

April - 1 month

May -1 Month

i.e for 3 Months interest @ 1.5% per month = 4.5%

This calculation is done by CPC, GHAZIABAD. AND SAME IS ALSO MENTION IN THE LAW.

INTEREST ON TDS FROM DATE OF DEDUCTION.

I HOPE , I CLEAR TO ALL OF YOU.