How to charge interest on payments

If you have past due payments for taxes, fines, utility or other payments, you will pay penalties for each day overdue payments. In case of untimely payment of wages, vacation pay, calculating termination, the employer may also award to pay the employee penalties for each day of delay of the amount of the debt.

You do not need to produce a separate calculation of the penalty. You will send the receipt with the completed stitching of the penalty, so the formula for the calculation you only need to check the correctness of charging interest.

To check the correctness of the assessed penalty, multiply the amount owed by the number of days of delay and 1/300. To this figure add the main debt you have not paid on time. For example, you have paid a tax of 20 thousand rubles. The delay was 30 days. Multiply 20 thousand to 30 days and divide by 300. You get 2 thousands – this is the amount of a penalty, to which add the principal debt of 20 thousand and make the payment.

To test whether the accrual of penalties for one day of delay, divide 20 thousand on the refinancing rate, i.e. 300. You get 66 rubles 67 kopecks is fine for one day overdue. Multiply this amount by the number of outstanding days, we get the total interest amount.

If you do not agree with what you have added penalty, for example for the reason that you were not informed in time about the required payments, you can dispute the charge in accordance with the law. For this to apply to the court and show evidence that you did not know of the accrued payments or have good cause for untimely payments.

Also, the court can refer the representatives of the organizations that you owe and request to increase the amount of the penalty due to significant material losses due to late payments and to submit a package of evidence supporting damages.