Section 201A of Income Tax Act
Nature of Default:
(i) Non-deduction of tax at source, either in whole or in part.
Interest subject to TDS/TCS amount:
1% Per Month
Period for which interest is to be paid:
From the date on which tax-deductible to the date on which tax is actually deducted.
(ii) After deduction of tax, non-payment of tax either in whole or in part
Interest subject to TDS/TCS amount:
1.5% Per Month
Period for which interest is to be paid:
From the date of deduction to the date of payment
