Rate of Interest on Late Deposit of TDS

                  It is a major question what rate of Interest will be charged on Late deposit of TDS amount which has been deducted now or earlier.   As per Section 201 of Income Tax Act 1956,  one percent (1%) interest on each month or part of any month from the date of non-deduction of Tds to Date of Deduction . 

              Secondly one and one-half (3/2%) percent on each month or part of any month from the date of deducted month to the month of Deposit of Tds. 

                   In case anyone has more question, he may ask through comment on this post.