Dear Experts
I've maintained IT0045, and under conditions tab I've maintained "5% monthly interest and rate". but after clicking on Instalment caluculation button , 5.1239% is coming as "Effective Interest rate" under same condition tab. How this interest rate is calculated and where is it being used, please advise.
if i check on payment plan caluculation only based on 5% only.
awaiting for your earliest reply
Krish