The Pennsylvania Department of Revenue has announced that for the calendar year beginning January 1, 2017, the interest rate for the underpayment of tax is 4% per annum. The interest rate for the overpayment of personal income tax is 4% per annum. Overpayment of other taxes will be subject to an interest rate of 2% per annum. The notice can be viewed on the department’s website at http://www.pabulletin.com/secure/data/vol46/46-52/2268.html. PA Bulletin Doc. No. 16-2268, Pennsylvania Department of Revenue, December 24, 2016. Continue Reading.