tds

Interest up to 30.06.2010
1.  For late deduction of Tax deduction at source-(rate 1 % per month or part thereof) 
2  For late deposit of TDS after deduction (rate 1 % per month or part thereof) 

Interest from 01.07.2010
1  For late deduction of Tax deduction at source-(period date from tax deductible to date of actual deduction )(rate 1 % per month or part thereof) 
2  For late deposit of TDS after deduction (period :date from tax deducted and date of actual deposit)(rate 1.5 % per month or part thereof)