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Inerest on late deposit

This query is : Resolved 

13 September 2013 My service tax liability are as under:

April-June:- 36967
July-Sept :- 44974
Oct-Dec :- 28862
Jan-March :- 54983

Payments made for service tax are as under:

DATE AMOUNT
29/05/2012 :- 25000
16/02/2013 :- 40000
30/03/2013 :- 50000.

Rate applicable is 15%.Pls help in the calculation...

14 September 2013 From Due date calculate number of days till payment. on the basis on no of days calculate interest @15% as applicable.

If part payment is made in between then you need to reduce that amount from that day onwards.

PS: Days starts from Next day after due date and includes date of paymnent.


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