I have to deposit TDS for the month of march, 2020 on 18th may,2020.
For how many months interest on late deposit of TDS will be levied ? 1 month or 2 months . i.e. only for may or for April or May both months?
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Quick Summary
This discussion clarifies the calculation of interest for late TDS deposits. If TDS deducted in March 2020 is deposited on 18th May 2020, interest is typically levied for three months: March, April, and May, at a rate of 1.5%. The last date for filing the TDS return for the 4th quarter (January to March) is also addressed, with the deadline being 30th June 2020.
Assuming that you have deducted TDS in the month of March and you are paying it in may. Interest will be charged for the 3 months...March, aprl, may @ 1.5%.
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