Calculate delayed-payment liability using invoice amount, due date, payment date, and RBI Bank Rate. The statutory MSMED rate is three times the RBI Bank Rate, compounded with monthly rests.
Delayed Days
0 Days
Statutory Interest Rate
0.00% p.a.
MSMED Interest Accrued
Rs. 0.00
Compounded monthly under Section 16
Total Payable
Rs. 0.00
Payment Composition
Interest rate is fixed at 3 times the RBI notified bank rate.
Calculation is based on monthly compounding intervals as per Section 16.
MSMED interest paid is not tax-deductible for the payer buyer.