TDS interest applicability

This discussion addresses a common query regarding the applicability of TDS interest when payments are made late in the day. The core issue is determining the official payment date when online transactions occur after 8 pm, as these are often processed the following day by the bank. Participants are seeking clarity on whether the date shown on the challan or the bank's processing date should be used for calculating interest, especially when the challan reflects a different date than the actual transaction time.