Chartered Accountant
3031 Points
Joined June 2016
Hi,
As per Section 201A, Non-Deduction of TDS, either in whole or part attracts 1% Rate From the date on which tax was deductible to the date of actual deduction.
As per Section 201A, Non-payment of TDS (after deduction), either in whole or part attracts 1.5% Rate From the date of deduction to the day of TDS payment.
Therefore, 1% interest shall be charged for the month of June if the TDS was not deducted on the due date and @ 1.5% for 1 month as the TDS was deposited after the due date but in the same month.