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P Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 August 2010 at my office I pay Rs.50/- as p tax, i could not pay the tax from Jan 10 to Jun 10, but leter on i pay the tax, how much Interest i have to pay (50*6=300), what is the rate of interest and calculation mathod ineed to know, please help
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 August 2010 It is based on state PT act,In Karantaka 1.25% Per month on Tax amount
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