what is the intrest rate on delay payment of PT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2011
dear sir,
pls tell me intrest rate on late payment of professional tax for proprietorship firm ? how to calculate monthly basis or daywise ? and which day is last date of payment in every year ?
pls tell me intrest rate on late payment of professional tax for proprietorship firm ? how to calculate monthly basis or daywise ? and which day is last date of payment in every year ?
CA. B.SRINIVASULU
(Expert)
16 June 2011
It differs from state to state. Normally it will be 30th april 2011 for financial year 2011-12 and 1.5% per month interest has to be paid on delayed payment.
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