PT interest calculation
This query is : Resolved
24 July 2025
Sir,
Odisha Profession Tax liability for the month of April-2025 is INR 4,500.00. It will be deposited on 25.07.2025.
What would be the amount of interest to be deposited along with the tax?
Please suggest.
Odisha Profession Tax liability for the month of April-2025 is INR 4,500.00. It will be deposited on 25.07.2025.
What would be the amount of interest to be deposited along with the tax?
Please suggest.
25 July 2025
Profession Tax liability for April 2025, the due date would be May 31, 2025.
Interest rate = 2% per month
Interest for 2 months = 2% * 2 = 4%
Interest amount = 4% of INR 4,500.00
Interest amount = 0.04 * 4,500 = INR 180.00
Therefore, the amount of interest to be deposited along with the tax would be INR 180.00.
Interest rate = 2% per month
Interest for 2 months = 2% * 2 = 4%
Interest amount = 4% of INR 4,500.00
Interest amount = 0.04 * 4,500 = INR 180.00
Therefore, the amount of interest to be deposited along with the tax would be INR 180.00.
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