Answer of 2.5
This query is : Resolved
27 April 2013
i have recd Rs 243595/- & i have to return after 45 days in 2.5. so how to calculate plz help me
27 April 2013
I.e means you have to repay the amount along with Rs.6,405 interest after 45 days so the rate of interest for 45 days is 2.63 approx.
The computation of rate of interest is
6,405/243595*100 = 2.63% for 45 days.
OM SAI SRI SAI JAI JAI SAI
The computation of rate of interest is
6,405/243595*100 = 2.63% for 45 days.
OM SAI SRI SAI JAI JAI SAI
30 April 2013
how do you calculate i don't understand , i have to pay 2.5 but u r showing 2.63% .how is it, can i apply direct on Rs 243595*2.5% this is right or wrong. plz help me
02 May 2013
Is you mean 2.5 means rate of interest. But i considered it as Rs.2,50,000 because of you didn't mentioned the % symbole at the end of 2.5 so i considered it as payment of Rs.2,50,000 after 45 days so i suggested like above.
Now comming to your case
If the rate of interest is 2.5% for 45 days then your computation is correct i.e Interest = Rs 243595*2.5%.
In case if the rate of interst is 2.5% per annum then the Interest = Rs. 243595*2.5%*45/365
Generally if the rate interest for which period doesn't indicated then it means rate per annum. So for your case it particularly indicated rate of interest for 45 days is 2.5% then the rate is prescribed for 45 days and computed as you said. In case there is no particular indication regarding period of rate in the question i.e simple said ther rate of interest is 2.5% then it means the rate is prescribed per annum then compute the interest as i said in this reply.
OM SAI SRI SAI JAI JAI SAI
Now comming to your case
If the rate of interest is 2.5% for 45 days then your computation is correct i.e Interest = Rs 243595*2.5%.
In case if the rate of interst is 2.5% per annum then the Interest = Rs. 243595*2.5%*45/365
Generally if the rate interest for which period doesn't indicated then it means rate per annum. So for your case it particularly indicated rate of interest for 45 days is 2.5% then the rate is prescribed for 45 days and computed as you said. In case there is no particular indication regarding period of rate in the question i.e simple said ther rate of interest is 2.5% then it means the rate is prescribed per annum then compute the interest as i said in this reply.
OM SAI SRI SAI JAI JAI SAI
02 May 2013
MY SALARY IS 5500/- PM FOR 8 HOURS & MY OVER TIME HOURS IS 531/2 SO HOW TO CALCULATE MY OT PLZ HELP ME
16 May 2013
one of my party he is a civil contractor , he issued bill date is 27/04/13 but we recd bill on 15/05/13. so what to do for tds payment. should i pay in june month or should pay with int for late payment. plz suggest me
16 May 2013
Record in your books in the month of May'13 and then deduct TDS and such payment shall be paid in the months of June. Need not to be pay with interest.
Even though the bill is drawn by the seller it may be receive by the purchaser after some time due to any reasons. So you record such bill in your books in the month of May'13 and deduct TDS and pay it in the month of June'13 i.e means as per you date of payment is May'13. For your future reference if you want you can keep any evidence for receipt of bill in the month of May'13 with you like courier receipt or cover on which postal delivery stamp pasted etc.. like that but you will not face any problem.
OM SAI SRI SAI JAI JAI SAI
Even though the bill is drawn by the seller it may be receive by the purchaser after some time due to any reasons. So you record such bill in your books in the month of May'13 and deduct TDS and pay it in the month of June'13 i.e means as per you date of payment is May'13. For your future reference if you want you can keep any evidence for receipt of bill in the month of May'13 with you like courier receipt or cover on which postal delivery stamp pasted etc.. like that but you will not face any problem.
OM SAI SRI SAI JAI JAI SAI
11 June 2013
in my office have one of girl working part time job , she is working in month only 15 days.salary getting Rs 5500/- for 15 days a month. i have give to her leave salary. during the fy 2012-13 she worked 8th months in the f y 12-13. how to calculate leave salary. plz help me.
13 June 2013
when director file their individual IT return that time they have to pay Professional Tax or not. according to my knowledge individual not to pay PT & company have to pay 2500/- every year. plz tell me what is the right
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