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Interest calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2012 Dear Sir/Madam i have to pay service tax of Rs. 2050 after due date, so how much i have to pay extra i.e what rate of interest will apply on 2050.
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CA Ankit Gulgulia (Jain)

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CA Ankit Gulgulia (Jain) (Expert)
21 April 2012 Compute the Delay in Days first. Then Interest for u would be

2050 x (Delay in Days) x 15% / 365

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