TDS on ineterest

Hi All,

am deducting tds in Oct, Nov, Dec'23 and file tds return in jan'24 now error show due to lower deduction short now interest on late payment is 1.5% ? or its interest calculated  4,3,2 month's in line, pls help

 

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Quick Summary
This discussion concerns the calculation of interest for late TDS payments on interest income. The user deducted TDS in October, November, and December 2023 but faced an error due to lower-than-required deductions. They are seeking clarification on whether the late payment interest is a flat 1.5% per month or calculated differently over the months of delay, specifically for revised returns.

Question is not clear. 

Sec 80TTA , SEC 80TTB
Well done Mukherjee

TDS deducted as per certificate in U/s 194C & 194I(b) Oct, Nov, Dec'23 @ 0.01% now revised rate is 0.10%,

now what is Interest rate for late deposit its 1.5%p.m.?, & Interest period for Oct, Nov Dec'23 its 4,3,2 month ? for revise return file. request for help pls

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