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Calculation of Interest

Direct Taxation

Interest on Recurring deposit for the 3rd sub question is Rs. 41600/- . How is it calculated??

DEEPA PRIYANKA D

CA Inter

★ 3K+

17-Oct-20 20:16

306

Answers (3)

1 month =80k X 8/100 2month =80k X8/100 X11/12 3month =80k *8/100*10/12 . . . . . . . 11montn =80k*8/100*1/12 Do the sum of all U'll get the answer Or else in an other way using annuity factors

Satya Shashank

CA Inter

★ 13K+

17-Oct-20 21:13

Satya Shashank

1 month =80k X 8/100 2month =80k X8/100 X11/12 3month =80k *8/100*10/12 . . . . . . . 11montn =80k*8/100*1/12 Do the sum of all U'll get the answer Or else in an other way using annuity factors

U can do it in a simple way using annuity factors

Satya Shashank

CA Inter

★ 13K+

17-Oct-20 21:14

Thank you so much ð???

Thread Starter

DEEPA PRIYANKA D

CA Inter

★ 3K+

18-Oct-20 17:53