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Penalty calculation

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(Querist)
27 August 2014 how calculate of service tax late payment with interest example : Payment date of service tax 6/5/14 of rs.35600 but i am not able to till date so how much amount to pay on 6/9/14
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Annu Agarwal

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Annu Agarwal (Expert)
27 August 2014 Payment date:06.09.2014
due date:06.05.2014
delay days:123 days

Interest u/s 75=18% p.a.

35600*18%*123/365=2159

Penalty u/s 76
higher of
100*123=12300
or
1%*35600*123/31=1413
So penalty is 12300

Total amount to be paid on 06.09.2014=35600+2159+12300=50059
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