Sevice tax interest calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2015
Dear expert
assume in first Quarter my ST liability was 100000/- but i have deposited this amount by 10 july 2015, that means 4 days late, the interest which i have calculated under below...... 100000*15/100*4/365 = 164.38
please tell me is this correct calculation
plz reply
assume in first Quarter my ST liability was 100000/- but i have deposited this amount by 10 july 2015, that means 4 days late, the interest which i have calculated under below...... 100000*15/100*4/365 = 164.38
please tell me is this correct calculation
plz reply
31 August 2015
Yes, interest calculation is correct.
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