Please Wait ..

to your account


Remember Me

Forgot your password?

Sign-up now

Join and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.

Discussion > Income Tax >

interest rate on income tax refund

    Post New Topic
Pages : 1

Related Files

finance head

[ Scorecard : 26]
Posted On 20 April 2011 at 17:38 Report Abuse

What is the interest rate on income tax refund? and from which date one should calculate the interest

I received the income tax refund for AY 2009-10 in Feb,11, so from which date i should calculate the interest. 

Online classes for CA CS CMA

Share on

CA. Arpita Singhal

[ Scorecard : 100]
Posted On 20 April 2011 at 19:06

Int. rate on IT Refund is 1/2% for a month or part of a month from the first day of the AY(if refund is of advance tax) in all the other cases 1/2 % from the date of payment of such tax till the grant of refund

There are 1 Replies to this message

Related Threads

Post your reply for interest rate on income tax refund

Your are not logged in . Please login to post replies

Click here to login

Not a member yet ?? Click here to signup



  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.

Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top