Interest Calculator

Calculate simple interest, compound interest, and overdue interest for GST and MSME payments.

Simple Interest

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Interest breakdown will appear here

Simple Interest: I = P × R × T / (100 × 365). Standard for short-term loans and trade credit.

Compound Interest: A = P × (1 + r/n)^(n×t). Used for fixed deposits, savings, and long-term investments.

GST overdue (§50): 18% p.a. simple interest on delayed output tax. 24% for ITC reversal.

MSME overdue (§16 MSMED Act): 3 × RBI bank rate, compounded with monthly rests.