Tds query...

you have to pay 1% interest for late deduction & 1.5 interest per month for late payment

revise the return after making payment

as said above you have to calculate interest at the rate of 1% for late deduction and 1.5% for late payment.

please make sure that while calculating the interest amount it has to be calculated on monthly basis and not on yearly basis.

Also the whole month's interest is to be calculated even if just one day of that month is completed.