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PT interest calculation

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(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.
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Dhirajlal Rambhia

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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.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 September 2025 Good luck...
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