Calculate delayed-payment interest
Section 16 uses compound interest with monthly rests at three times the RBI Bank Rate.
Delay after statutory due date
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Estimated compound interest
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| Measure | Amount |
|---|---|
| Statutory due date | — |
| Total amount | — |
Estimate compound interest with monthly rests on delayed payments to registered micro and small suppliers.
| Measure | Amount |
|---|---|
| Statutory due date | — |
| Total amount | — |