Calculation of Late Deduction Interest

If tax was deductible on 2^nd June (i.e. at the time of giving credit or actual payment of the dues whichever is earlier) but was deducted on 3^rd  June then the interest charged would be 1% of the amount for the late deduction.

Difference between Late Payment & Late Deduction

Interest on Late Deduction of TDS

Interest on Late Payment of TDS