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How is calculated WCT interest amount of Tamil Nadu?



How is calculated WCT interest amount of Tamil Nadu?..

Answer / girish

WCT interest will be calculated as below :

WCT liability*(No. of days delay/2400) or WCT
liability*1.25%/30*no. of days delay in a month.

No. of days delay can be calculated from the due date which
is 20th day of succeeding month from the month of contract
payment.

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