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 ?

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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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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