Section 18 interest calculator

Enter either days or months of delay, not both. No legal rate is assumed.

Formula: interest = principal × (annual rate ÷ 100) × (days ÷ 365), or principal × (annual rate ÷ 100) × (months ÷ 12). Assumptions: simple interest, no compounding, a 365-day year for days, and months expressed as twelfths of a year. The rate, period and applicable method depend on state rules and the Authority. This is not legal advice.

Prefill INR 25,00,000 and 18 months without assuming a rate · Illustration with an entered 9% rate (not a stated legal rate)