How to calculate INSS interest in delay

When it comes to delay contributions to the INSS, it is important to understand how to calculate the interest that will be applied on the due value. In this article, we will explain step by step how to make this calculation and avoid future problems with the organ.

What are INSS interest in late?

INSS Interest In the late INSS are a fee that focuses on the amount of unpaid contributions within the established period. This fee is applied to compensate for payment delay and ensure that the amount due is corrected according to inflation.

Step by Step to calculate INSS interest in delay

To calculate INSS interest in arrears, follow the following steps:

1. Check the date of maturity of the delay contribution;
2. Calculate the number of days late, from the due date to the current date;
3. See the interest rate applied by the INSS for the delay period;
4. Multiply the value of the interest rate contribution and the number of days of delay;
5. The result will be the value of INSS interest in arrears.

Practical Example

Let’s assume that you have a delay in the amount of $ 1,000.00 and that the interest rate imposed by the INSS is 1% per month. If the contribution has been late for 3 months, the interest calculation would be as follows:

In this example, INSS interest in arrears would be $ 30.00.

Conclusion

Calculating INSS interest in delay is critical to avoiding future problems with the organ. Following the step by step presented in this article, you can make this calculation correctly and avoid unpleasant surprises. Remember if you always keep your contributions up to date to guarantee your social security rights.

We hope this article has been useful for you. If you have any questions or suggestions, leave your comment below. Until next time!