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Penalty Rate (In % ) | *Min Penalty Amount | *Flat Amount | *From Financial Year | *Penalty Start Date (DD/MM/YYYY) |
|---|---|---|---|---|
12.5 | 1000 | 500 | 2019-20 | 01-04-2019 |
Procedure
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Data Definition
Penalty Rate (In % ): The Penalty charged by percentage.
Min Penalty Amount: The Minimum amount charged as penalty.
Flat Amount: The pre-decided amount that must be charged as penalty on the amount.
From Financial Year: The Financial Year from which the penalty is applicable.
Penalty Start Date: The Date from which the penalty amount will be applicable within a financial year.
Steps to fill data
Identify all the different types of penalty amounts (by percentage/ by flat amount) etc and fill them in the provided columns respectively.
Fill in the details of the financial year/ date from which the type of defined penalties will be applicable.
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