0
What else can I help you with?
How do you calculate interest on TDS for late deposit?
1.5% per month or part there of, till tds is paid Deduction due date paid date 10000 7.7.2012 8.7.12 interest 150 10000 7.7.2012 8.8.12 interest 300 10000 7.7.2012 8.9.12 interest 450 ...like
How do you record interest earned from a term deposit bank account?
To record interest earned from a term deposit bank account, first, determine the interest amount based on the terms of the deposit. When the interest is credited to your account, you would make a journal entry by debiting the bank account (asset) and crediting interest income (revenue). This reflects the increase in your bank balance due to the interest earned and recognizes the income in your financial records. Ensure to document the transaction date and any relevant details for accurate accounting.
Can IRS charge interest?
Yes, the IRS can charge interest on unpaid taxes. If you don't pay your tax bill by the due date, interest accrues on the outstanding balance until it is paid in full. The interest rate is determined quarterly and is based on the federal short-term rate plus 3 percentage points. This interest is compounded daily, making it important to address any tax liabilities promptly.
What is the highest interest rate allowed on past due invoices?
there is about 500
How recurring deposit account is different from savings account?
Recurring Deposit is type of account where the customer deposits fixed amounts every month for a predetermined duration (6 months, 1 year etc). The money cannot be withdrawn until maturity and the bank would pay a slightly higher rate of interest due to the longer duration of the deposit. In case of savings account, there is no predetermined duration or amount and the money can be withdrawn anytime you want so banks pay you low interest on the money you hold in the account.
What are the advantages and disadvantages of a certificate of deposit?
One disadvantage of a Certificate of Deposit is that the money is there, but the customer cannot use it. If the money is drawn out earlier than the due date, monetary penalties will be assessed and the customer will actually lose money.
How do you calculate interest on TDS for late deposit?
1.5% per month or part there of, till tds is paid Deduction due date paid date 10000 7.7.2012 8.7.12 interest 150 10000 7.7.2012 8.8.12 interest 300 10000 7.7.2012 8.9.12 interest 450 ...like
What is interest rate on matured unpaid amounts?
Any payments you didn't make are due on maturity date and will be charged with whatever %interest that clause states.
Do UK banks automatically deduct basit rate tax from fixed deposit interest?
Yes, UK banks automatically deduct basic rate tax from fixed deposit interest payments. This means that the interest earned is subject to a 20% tax withholding for individuals who are within the basic rate tax band. However, due to the Personal Savings Allowance, some savers may not owe tax on their interest if it falls within the allowance limits. It's important for account holders to check their tax status and entitlements.
How do you record interest earned from a term deposit bank account?
To record interest earned from a term deposit bank account, first, determine the interest amount based on the terms of the deposit. When the interest is credited to your account, you would make a journal entry by debiting the bank account (asset) and crediting interest income (revenue). This reflects the increase in your bank balance due to the interest earned and recognizes the income in your financial records. Ensure to document the transaction date and any relevant details for accurate accounting.
What is the effective borrowing rate?
The new interest rate due to the impact of the total fees is 13.233 % which translates into an effective interest rate of 13.6708 % due to semi-annual compounding.
What are the average interest rates for the HSBC Mastercard?
"HSBC offers two types of MasterCard, the Premier MasterCard and the Advance MasterCard. Interest rates for each of these are based on the current going rate. At present, the interest rate for the Premier MasterCard is 12.9%. The current interest rate for the Advance MasterCard is 17.9%. For both types of cards, the interest rate will increase by 5% if the minimum monthly payment is not made by the due date."
What are the major differences between compound interest loan and simple interest loan?
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
Can you break a recuring deposit?
Yes, you can break a recurring deposit. The bank cannot refuse that. But, the bank has the right to retain/cancel the interest due on it because you are not letting the recurring deposit mature or finish its full tenure. You will get the money you deposited but not any interest.
Can you deposit a postdated check the day before the due date to another bank?
No, you typically cannot deposit a postdated check before its due date, as banks usually process checks based on the date written on them. If you attempt to deposit a postdated check early, the bank may reject the deposit or return the check. It's best to wait until the actual date on the check to make the deposit. Always check with your specific bank for their policies regarding postdated checks.
Are target interest rates good?
Amazon offers a credit card with standard interest of 25.99%. It also charges a minimum interest of $1.50. Target offers a credit card a with 25.24% interest rate. In addition, Target will not charge interest if the balance is paid off in full by the payment due date.
The amount of the promissory note plus the interest earned on the due date is called the?
The amount of the promissory note plus the interest earned on the due date is called the maturity value.
