PT interest calculation

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This discussion addresses the calculation of interest on late Profession Tax payments in Odisha. For a liability of INR 4,500.00 due in April 2025 and paid on July 25, 2025, the interest is calculated at 2% per month. This results in an interest amount of INR 180.00 for the two-month delay.

PURUSOTTAM PANDA

PURUSOTTAM PANDA (Querist)

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 September 2025 Good luck...

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