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

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