Interest rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2012
dear expert pls tell me what is the interest rate for late payment of tax, is it 1.5% p.m or part of a month and before it was 1.25% p.m what is the applicable date if we pay today and we are late by 1 year should we calculate taking both the rate rep its very urgent
thank you
thank you
14 January 2012
Part of the month means even 1 day delay will be considered as 1 month. so calculate from that basis
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