84.  Manner of determination of net present value for the purposes of sub-section (2) of section 94.–

For the purposes of sub-section (2) of section 94, the amount equal to the net present value to be paid in lieu of the deferred tax, shall be calculated in accordance with the Table and the Notes given below:-

 

                                                    TABLE

Serial No. Period in Months between the date of actual payment and the extended date of payment Percentage Serial No. Period in Months between the date of actual payment and the extended date of payment Percentage
(1) (2) (3) (1) (2) (3)
1 1 99.1121 164 164 38.7946
2 2 98.2321 165 165 38.4502
3 3 97.3599 166 166 38.1088
4 4 96.4955 167 167 37.7704
5 5 95.6387 168 168 37.4350
6 6 94.7896 169 169 37.1027
7 7 93.9480 170 170 36.7732
8 8 93.1138 171 171 36.4467
9 9 92.2871 172 172 36.1231
10 10 91.4677 173 173 35.8024
11 11 90.6556 174 174 35.4845
12 12 89.8506 175 175 35.1695
13 13 89.0529 176 176 34.8572
14 14 88.2622 177 177 34.5477
15 15 87.4785 178 178 34.2410
16 16 86.7018 179 179 33.9370
17 17 85.9320 180 180 33.6356
18 18 85.1691 181 181 33.3370
19 19 84.4129 182 182 33.0410
20 20 83.6634 183 183 32.7476
21 21 82.9205 184 184 32.4569
22 22 82.1843 185 185 32.1687
23 23 81.4546 186 186 31.8831
24 24 80.7314 187 187 31.6000
25 25 80.0146 188 188 31.3194
26 26 79.3042 189 189 31.0413
27 27 78.6000 190 190 30.7657
28 28 77.9022 191 191 30.4926
29 29 77.2105 192 192 30.2218
30 30 76.5249 193 193 29.9535
31 31 75.8455 194 194 29.6876
32 32 75.1721 195 195 29.4240
33 33 74.5046 196 196 29.1627
34 34 73.8431 197 197 28.9038
35 35 73.1875 198 198 28.6472
36 36 72.5377 199 199 28.3928
37 37 71.8936 200 200 28.1407
38 38 71.2553 201 201 27.8909
39 39 70.6226 202 202 27.6432
40 40 69.9956 203 203 27.3978
41 41 69.3741 204 204 27.1545
42 42 68.7582 205 205 26.9134
43 43 68.1477 206 206 26.6745
44 44 67.5426 207 207 26.4376
45 45 66.9429 208 208 26.2029
46 46 66.3485 209 209 25.9702
47 47 65.7594 210 210 25.7397
48 48 65.1756 211 211 25.5111
49 49 64.5969 212 212 25.2846
50 50 64.0234 213 213 25.0601
51 51 63.4549 214 214 24.8376
52 52 62.8915 215 215 24.6171
53 53 62.3331 216 216 24.3985
54 54 61.7797 217 217 24.1819
55 55 61.2311 218 218 23.9672
56 56 60.6875 219 219 23.7544
57 57 60.1486 220 220 23.5435
58 58 59.6146 221 221 23.3344
59 59 59.0853 222 222 23.1272
60 60 58.5607 223 223 22.9219
61 61 58.0407 224 224 22.7184
62 62 57.5254 225 225 22.5167
63 63 57.0146 226 226 22.3168
64 64 56.5084 227 227 22.1186
65 65 56.0067 228 228 21.9222
66 66 55.5094 229 229 21.7276
67 67 55.0166 230 230 21.5347
68 68 54.5281 231 231 21.3435
69 69 54.0439 232 232 21.1540
70 70 53.5641 233 233 20.9661
71 71 53.0885 234 234 20.7800
72 72 52.6171 235 235 20.5955
73 73 52.1500 236 236 20.4126
74 74 51.6869 237 237 20.2314
75 75 51.2280 238 238 20.0517
76 76 50.7732 239 239 19.8737
77 77 50.3224 240 240 19.6973
78 78 49.8756 241 241 19.5224
79 79 49.4327 242 242 19.3490
80 80 48.9938 243 243 19.1772
81 81 48.5588 244 244 19.0070
82 82 48.1277 245 245 18.8382
83 83 47.7004 246 246 18.6709
84 84 47.2769 247 247 18.5052
85 85 46.8571 248 248 18.3409
86 86 46.4411 249 249 18.1780
87 87 46.0287 250 250 18.0166
88 88 45.6200 251 251 17.8567
89 89 45.2150 252 252 17.6981
90 90 44.8135 253 253 17.5410
91 91 44.4156 254 254 17.3852
92 92 44.0213 255 255 17.2309
93 93 43.6304 256 256 17.0779
94 94 43.2430 257 257 16.9263
95 95 42.8591 258 258 16.7760
96 96 42.4786 259 259 16.6270
97 97 42.1014 260 260 16.4794
98 98 41.7276 261 261 16.3331
99 99 41.3571 262 262 16.1881
100 100 40.9899 263 263 16.0443
101 101 40.6260 264 264 15.9019
102 102 40.2652 265 265 15.7607
103 103 39.9077 266 266 15.6207
104 104 39.5534 267 267 15.4820
105 105 39.2022 268 268 15.3446
106 106 38.8542 269 269 15.2083
107 107 38.5092 270 270 15.0733
108 108 38.1673 271 271 14.9395
109 109 37.8284 272 272 14.8068
110 110 37.4925 273 273 14.6754
111 111 37.1596 274 274 14.5451
112 112 36.8297 275 275 14.4159
113 113 36.5027 276 276 14.2879
114 114 36.1786 277 277 14.1611
115 115 35.8574 278 278 14.0353
116 116 35.5390 279 279 13.9107
117 117 35.2235 280 280 13.7872
118 118 34.9107 281 281 13.6648
119 119 34.6007 282 282 13.5435
120 120 34.2935 283 283 13.4232
121 121 33.9890 284 284 13.3040
122 122 33.6873 285 285 13.1859
123 123 33.3882 286 286 13.0688
124 124 33.0917 287 287 12.9528
125 125 32.7979 288 288 12.8378
126 126 32.5067 289 289 12.7238
127 127 32.2181 290 290 12.6108
128 128 31.9320 291 291 12.4989
129 129 31.6485 292 292 12.3879
130 130 31.3675 293 293 12.2779
131 131 31.0890 294 294 12.1689
132 132 30.8130 295 295 12.0609
133 133 30.5394 296 296 11.9538
134 134 30.2682 297 297 11.8476
135 135 29.9995 298 298 11.7424
136 136 29.7331 299 299 11.6382
137 137 29.4691 300 300 11.5348
138 138 29.2075 301 301 11.4324
139 139 28.9481 302 302 11.3309
140 140 28.6911 303 303 11.2303
141 141 28.4364 304 304 11.1306
142 142 28.1839 305 305 11.0318
143 143 27.9337 306 306 10.9338
144 144 27.6856 307 307 10.8368
145 145 27.4398 308 308 10.7405
146 146 27.1962 309 309 10.6452
147 147 26.9547 310 310 10.5507
148 148 26.7154 311 311 10.4570
149 149 26.4782 312 312 10.3641
150 150 26.2431 313 313 10.2721
151 151 26.0101 314 314 10.1809
152 152 25.7792 315 315 10.0905
153 153 25.5503 316 316 10.0009
154 154 25.3234 317 317 9.9121
155 155 25.0986 318 318 9.8241
156 156 24.8757 319 319 9.7369
157 157 24.6549 320 320 9.6504
158 158 24.4360 321 321 9.5648
159 159 24.2190 322 322 9.4798
160 160 24.0040 323 323 9.3957
161 161 23.7908 324 324 9.3122
162 162 23.5796 325 325 9.2296
163 163 23.3702      

 (In rule 84 for the above table following table is substituted w.e.f. 01.04.2005 by Notification No. STR-1506/CR-38/Taxation-1 Dt.08.09.2006)

Serial No. Period in months between the date of actual payment and the extended date of payment Percentage Serial No. Period in months between the date of actual payment and the extended date of payment Percentage
(1) (2) (3) (1) (2) (3)
1 1 99.1121 41 41 69.3741
2 2 98.2321 42 42 68.7582
3 3 97.3599 43 43 68.1477
4 4 96.4955 44 44 67.5426
5 5 95.6387 45 45 66.9429
6 6 94.7896 46 46 66.3485
7 7 93.9480 47 47 65.7594
8 8 93.1138 48 48 65.1756
9 9 92.2871 49 49 64.5969
10 10 91.4677 50 50 64.0234
11 11 90.6556 51 51 63.4549
12 12 89.8506 52 52 62.8915
13 13 89.0529 53 53 62.3331
14 14 88.2622 54 54 61.7797
15 15 87.4785 55 55 61.2311
16 16 86.7018 56 56 60.6875
17 17 85.9320 57 57 60.1486
18 18 85.1691 58 58 59.6146
19 19 84.4129 59 59 59.0853
20 20 83.6634 60 60 58.5607
21 21 82.9205 61 61 58.0407
22 22 82.1843 62 62 57.5254
23 23 81.4546 63 63 57.0146
24 24 80.7314 64 64 56.5084
25 25 80.0146 65 65 56.0067
26 26 79.3042 66 66 55.5094
27 27 78.6000 67 67 55.0166
28 28 77.9022 68 68 54.5281
29 29 77.2105 69 69 54.0439
30 30 76.5249 70 70 53.5641
31 31 75.8455 71 71 53.0885
32 32 75.1721 72 72 52.6171
33 33 74.5046 73 73 52.1500
34 34 73.8431 74 74 51.6869
35 35 73.1875 75 75 51.2280
36 36 72.5377 76 76 50.7732
37 37 71.8936 77 77 50.3224
38 38 71.2553 78 78 49.8756
39 39 70.6226 79 79 49.4327
40 40 69.9956 80 80 48.9938
           
Serial No. Period in months between the date of actual payment and the extended date of payment Percentage Serial No. Period in months between the date of actual payment and the extended date of payment Percentage
(1) (2) (3) (1) (2) (3)
81 81 48.5588 124 124 33.0917
82 82 48.1277 125 125 32.7979
83 83 47.7004 126 126 32.5067
84 84 47.2769 127 127 32.2181
85 85 46.8571 128 128 31.9320
86 86 46.4411 129 129 31.6485
87 87 46.0287 130 130 31.3675
88 88 45.6200 131 131 31.0890
89 89 45.2150 132 132 30.8130
90 90 44.8135 133 133 30.5394
91 91 44.4156 134 134 30.2682
92 92 44.0213 135 135 29.9995
93 93 43.6304 136 136 29.7331
94 94 43.2430 137 137 29.4691
95 95 42.8591 138 138 29.2075
96 96 42.4786 139 139 28.9481
97 97 42.1014 140 140 28.6911
98 98 41.7276 141 141 28.4364
99 99 41.3571 142 142 28.1839
100 100 40.9899 143 143 27.9337
101 101 40.6260 144 144 27.6856
102 102 40.2652 145 145 27.4398
103 103 39.9077 146 146 27.1962
104 104 39.5534 147 147 26.9547
105 105 39.2022 148 148 26.7154
106 106 38.8542 149 149 26.4782
107 107 38.5092 150 150 26.2431
108 108 38.1673 151 151 26.0101
109 109 37.8284 152 152 25.7792
110 110 37.4925 153 153 25.5503
111 111 37.1596 154 154 25.3234
112 112 36.8297 155 155 25.0986
113 113 36.5027 156 156 24.8757
114 114 36.1786 157 157 24.6549
115 115 35.8574 158 158 24.4360
116 116 35.5390 159 159 24.2190
117 117 35.2235 160 160 24.0040
118 118 34.9107 161 161 23.7908
119 119 34.6007 162 162 23.5796
120 120 34.2935 163 163 23.3702
121 121 33.9890 164 164 23.1627
122 122 33.6873 165 165 22.9571
123 123 33.3882 166 166 22.7533
Serial No. Period in months between the date of actual payment and the extended date of payment Percentage Serial No. Period in months between the date of actual payment and the extended date of payment Percentage
(1) (2) (3) (1) (2) (3)
167 167 22.5512 210 210 15.3681
168 168 22.3510 211 211 15.2317
169 169 22.1526 212 212 15.0965
170 170 21.9559 213 213 14.9624
171 171 21.7609 214 214 14.8296
172 172 21.5677 215 215 14.6979
173 173 21.3762 216 216 14.5674
174 174 21.1864 217 217 14.4381
175 175 20.9983 218 218 14.3099
176 176 20.8119 219 219 14.1828
177 177 20.6271 220 220 14.0569
178 178 20.4439 221 221 13.9321
179 179 20.2624 222 222 13.8084
180 180 20.0825 223 223 13.6858
181 181 19.9042 224 224 13.5643
182 182 19.7275 225 225 13.4438
183 183 19.5523 226 226 13.3245
184 184 19.3787 227 227 13.2062
185 185 19.2067 228 228 13.0889
186 186 19.0361 229 229 12.9727
187 187 18.8671 230 230 12.8575
188 188 18.6996 231 231 12.7433
189 189 18.5336 232 232 12.6302
190 190 18.3690 233 233 12.5181
191 191 18.2059 234 234 12.4069
192 192 18.0443 235 235 12.2968
193 193 17.8841 236 236 12.1876
194 194 17.7253 237 237 12.0794
195 195 17.5679 238 238 11.9721
196 196 17.4119 239 239 11.8658
197 197 17.2573 240 240 11.7605
198 198 17.1041 241 241 11.6560
199 199 16.9522 242 242 11.5526
200 200 16.8017 243 243 11.4500
201 201 16.6525 244 244 11.3483
202 202 16.5047 245 245 11.2476
203 203 16.3581 246 246 11.1477
204 204 16.2129 247 247 11.0487
205 205 16.0690 248 248 10.9506
206 206 15.9263 249 249 10.8534
207 207 15.7849 250 250 10.7570
208 208 15.6447 251 251 10.6615
209 209 15.5058 252 252 10.5669
Serial No. Period in months between the date of actual payment and the extended date of payment Percentage Serial No. Period in months between the date of actual payment and the extended date of payment Percentage
(1) (2) (3) (1) (2) (3)
253 253 10.4730 290 290 7.5294
254 254 10.3800 291 291 7.4626
255 255 10.2879 292 292 7.3963
256 256 10.1965 293 293 7.3307
257 257 10.1060 294 294 7.2656
258 258 10.0163 295 295 7.2011
259 259 9.9273 296 296 7.1371
260 260 9.8392 297 297 7.0738
261 261 9.7518 298 298 7.0110
262 262 9.6653 299 299 6.9487
263 263 9.5794 300 300 6.8870
264 264 9.4944 301 301 6.8259
265 265 9.4101 302 302 6.7653
266 266 9.3265 303 303 6.7052
267 267 9.2437 304 304 6.6457
268 268 9.1617 305 305 6.5866
269 269 9.0803 306 306 6.5282
270 270 8.9997 307 307 6.4702
271 271 8.9198 308 308 6.4128
272 272 8.8406 309 309 6.3558
273 273 8.7621 310 310 6.2994
274 274 8.6843 311 311 6.2435
275 275 8.6072 312 312 6.1880
276 276 8.5308 313 313 6.1331
277 277 8.4550 314 314 6.0786
278 278 8.3800 315 315 6.0247
279 279 8.3055 316 316 5.9712
280 280 8.2318 317 317 5.9181
281 281 8.1587 318 318 5.8656
282 282 8.0863 319 319 5.8135
283 283 8.0145 320 320 5.7619
284 284 7.9433 321 321 5.7107
285 285 7.8728 322 322 5.6600
286 286 7.8029 323 323 5.6098
287 287 7.7336 324 324 5.5600
288 288 7.6649 325 325 5.5106
289 289 7.5969      

Note.—(1) The period in months, between the date of actual payment and the extended date of payment shall be the aggregate of, –

(a)  the number of completed months contained in such period, and

(b)  the number of obtained by dividing by thirty the sum of the number of days from the date of actual payment to the end of the month in which the payment is made and the number of days from the first day of the month in which the extended date of payment falls to date immediately preceding the  extended date of payment:

Provided that, the number obtained under clause (b) shall be rounded off to the nearest integer:

Provided further that, if such number either contains or is a fraction, which is half, then the nearest integer of such fraction shall be deemed to be one.

Note. —(2) The net present value of the amount to be paid in lieu of deferred tax, shall be such percentage of deferred tax mentioned in column (3) of the Table for the corresponding period (as ascertained under Note (1) above) as respectively stated against it in column (2) thereof.

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