04 June 2013
Okey Suppose your due date is 21-4-2013 & you paid vat on 30-5-2013 then delay in day's is 39days. Suppose tax payable is Rs 10,000/- then it will be
([10,000*1.25*12%]/365*39) that is 160.2 Rs.
Hope Now your doubt is clear. If not you can PM me.
CAclubindia
