Interest on tds deposition

1.5% for three months (i.e March , april and may)

Amit, in this case intt will be calculated at 1.5% per month or part of the month. .

Period of intt wil be 3 months (part of the month is considered as 1 month).

agree with Ms. Nisha.... it would be 1.5% for 3 months.. i.e. 4.5% in total..

Interest on late deposition of tds levied @ 1.5% per month or part of the month from the date of deduction to the date of deposit

In this case interest is calculated for 3 months

Thanks to all for replying me........................................

Dear Rohit,

that is for late filing of TDS return... not for late deposit of TDS...

Agree with Lovely Sir, in case of late filing of TDS return deductor will be liable to pay fee of Rs 200 per day till the failure to file TDS statement continues.  However, the total fee cannot exceed the amount of TDS deductible for which statement was required to be filed.

Dear Lovely  and Pooja thank you for clarifying the matter about tds deposit  interest and late filing of tds return.