Tds deposited in which basis

HI, Mr. Jaiswal,

lot of members have confusion on that issue.

But as per my knowledge,

If we deducted TDS amount Rs-1000/- from the bill amount in 15-1-13. Due date for deposit of this is 7-2-13.

If these amount was paid on 8-4-13. then you have yo pay interest @ 1.5% p.m for 4 months.( The provision says, from the date of deduction to date of payment, pay interest @ 1.5% p.m(18% p.a) for delayed payment and 1% p.a (from the date of deductible to actual date of deduction) for non deduction of TDS.  The provision also says if i day delay is also be consider as i month delay.) in give example interest on late payment of TDS was for 4 months i.e. Jan, Feb,Mar and April.)

if i'm wrong, please correct me........