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How is calculated WCT interest amount of Tamil Nadu?
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Answer Posted / 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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