Calculate compound MSME interest at 3× RBI Bank Rate with monthly rests — exactly as mandated by Section 16. Generate audit-ready Section 22 disclosure notes for your financial statements in seconds.
45 days
Maximum credit period under Section 15, MSMED Act 2006
3× RBI
Interest rate mandated by Section 16 — currently ~19.5% p.a.
₹0
Interest deductible under Section 23 + Section 43B(h), IT Act
6 items
Mandatory Section 22 disclosure lines in every financial statement
The compliance risk
The Finance Act 2023 inserted Section 43B(h) into the Income Tax Act — payments to Micro and Small enterprises beyond the appointed day under MSMED Act are now disallowed as deductions in the year of accrual and allowed only in the year of actual payment.
On top of that, MSME interest at 3× Bank Rate compounds monthly and is never deductible— creating a permanent tax cost that most companies discover only at year-end, when it's too late to fix.
Example — Section 22 disclosure note
Auto-generated by MSMECalc. Ready to paste into your Notes to Accounts.
Features
Calculates interest with monthly rests at 3× RBI Bank Rate, exactly as mandated by Section 16, MSMED Act 2006. Rate changes mid-period are handled automatically.
All six statutory line items auto-populated — principal outstanding, interest accrued, interest paid on late settlements, and further interest for IT disallowance under Section 43B(h).
A daily background job monitors the RBI website for Bank Rate changes. An admin approves the new rate and it propagates to every calculation instantly — no manual updates needed.
A drill-down view of every bill: delay days, outstanding balance, and accrued interest per vendor. Filter by status, export as PDF or Excel in one click.
CAs and accountants can manage multiple clients under one login. Switch between companies instantly. Each client has isolated data with full RLS security.
Download audit-ready PDFs for all four report types. Excel export gives you the full period-by-period interest worksheet for CA review. Pro plan removes watermarks.
How it works
Enter Udyam registration numbers, vendor categories (Micro / Small), and contact details. The app validates format against the official UDYAM-XX-00-0000000 pattern.
Log each invoice with acceptance date and credit period. Record partial or full payments — the engine allocates via FIFO or specific-invoice matching automatically.
Select your as-of date and download. The Interest Worksheet shows every compounding period. The Section 22 note is ready to paste into your financial statements.
Pricing
All plans include the interest calculator and Section 22 notes. Paid plans unlock unlimited clients, clean PDFs, and Excel export.
Practice
₹499
/ month · incl. 18% GST
Firm
₹1,199
/ month · incl. 18% GST
All paid plans include a 7-day free trial · Cancel anytime · Payments via Razorpay
FAQ
Start with the free calculator — no sign-up required. Create an account to track all your MSME payables and generate audit-ready reports.
No credit card · No ads · Data protected with row-level security