Interest on late deposit of tds challan 281 (not 26q terun)

what is the interest rate in case where we deducted tds of contractors.... but being late deposit tds challan 281.....
Replies (7)
Quick Summary
This discussion clarifies the interest applicable when a business deposits TDS deducted from contractors late using Challan 281. The consensus is that interest is charged at a rate of 1.5% per month, or part thereof, from the date the TDS was originally deducted until the actual date of deposit.

Interest is calculated at the rate of 1.5% per month from the date on which TDS was deducted to the actual date of deposit
Sir u have dedicated tds for the January, February and March, ...and now I wants to deposit in April ....how can I calculated interest
1.5% per month should be deducted as interest per month

Interest @ 1.5% per month or part of the month, from the date of deduction till the date of payment is applicable in this case.

Yes interest wil be calculated in this way
Interest @ 1.5%is calculated per month or part of the month
Thnxxxx to all..... for urs valuable answer

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