Tds insterest

Sir
I have deducted Rs. 40000 Tds on salary on dated 31.03.20 but due to lockdown not deposit that time.
I want to deposit with interest in the month of June
So Pls suggest interest rate. 1.5% per month or .75 % per month (as per amendment)

And as on June how many amount to be deposit.

Regards
Replies (3)
Quick Summary
This discussion clarifies the interest rate applicable for delayed TDS (Tax Deducted at Source) payments on salary. The consensus is that the interest rate is 0.75% per month. The calculation for the total deposit amount involves determining the number of months the payment is delayed past the original due date.

You have to pay Interest @ 0.75%

For 4 Month @ .75%

No, Due date was 30th April 2020. So, You have to pay interest for 3 months only.

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