C.A. B.Com (H) Graduate
2151 Points
Joined August 2008
Interest @ 1% p.m. if TDS not deducted on the prescribed date.....
and Interest @ 1.5% p.m. if TDS Deducted but not paid to the credit of the Central Government...
and for that purpose, half of the month shall be considered as full month....
e.g. 08 Aug. 2011 to 09 Sep. 2011.... shall be counted as 2 months.....