Interest on Service Tax Delayed Payment Calculator

By | April 10, 2016
CALCULATOR for Interest on Service Tax Delayed Payment (w.e.f. 01.10.2014)
E.g. Format:
Turnover during the Previous Financial Year 8,14,96,170.00
Concession of 3% in rate of interest applicable or not (Provision to Section 75 of the Finance Act, 1994) NO
Service tax payable 79,351.00
Due date of payment 12-Feb-2015
Actual date of payment 10-Apr-2016
Total period of delay (in days) 423
Period of delay Rate of Simple Interest Interest for the period No. of days of delay Computation of Interest
to N.A.
to N.A.
to N.A. N.A.
More than 1 year for the first 6 months of delay 18% 13-02-2015 to 12-08-2015 181 7,083.00
for the period beyond 6 months up to 1 year 24% 13-08-2015 to 12-02-2016 184 9,600.00
for any delay beyond 1 year 30% 13-02-2016 to 10-04-2016 58 3,783.00 20,466.00
CLICK HERE / CLICK HERE TO DOWNLOAD Interest on Service Tax Delayed Payment Calculator in Excel format

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